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Twitter Shares Saw Massive Fall As Elon Musk Puts $44 Billion Acquisition Deal On Hold

Twitter Shares Saw Massive Fall As Elon Musk Puts  Billion Acquisition Deal On Hold
Written by Arindam
Twitter Shares Saw Massive Fall As Elon Musk Puts  Billion Acquisition Deal On Hold

Twitter Share Price: Twitter’s stock is seeing a big drop after billionaire Elon Musk’s decision to buy social media platform Twitter was put on hold for the time being. Before the opening of the US stock market, Twitter’s stock is trading at $ 37.10 per share, down 17.7 percent in premarket trading. This is the lowest level of Twitter’s stock since Elon Musk announced the purchase of Twitter.

Earlier, Elon Musk has tweeted that the Twitter deal is currently on hold temporarily. Behind this, he has mentioned spam and fake accounts. It is not clear, however, how big of a risk the details associated with spam and fake accounts could pose a risk to the deal going on.

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Arindam

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