Twitter Shares Shed 20% As Elon Musk Says $44 Billion Takeover Deal Postponed

Twitter Shares Shed 20% As Elon Musk Says $44 Billion Takeover Deal Postponed

Elon Musk announced on Friday that his planned $44 billion acquisition of Twitter is “temporarily on hold,” a further twist in the face of hints of internal strife around the potential acquisition. Following Musk’s statement, Twitter’s stock has dropped roughly 20 percent during early morning trading hours. Tesla’s stock increased…
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