Looming Musk-Twitter legal battle hammers company shares

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Looming Musk-Twitter legal battle hammers company shares
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Elon Musk claims Twitter has failed to provide enough information about the number of fake accounts it has, though Twitter said last month it made data available to the Tesla CEO.

Shares of Twitter slid more than 7% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.Shares of Twitter slid more than 7% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company

Musk agreed to a $1 billion breakup fee as part of the buyout agreement, though it appears Twitter CEO Parag Agrawal and the company are settling in for a legal fight to force the sale Musk agreed to a $1 billion breakup fee as part of the buyout agreement, though it appears Twitter CEO Parag Agrawal and the company are settling in for a legal fight to force the sale.

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