Twitter share price

Twitter's share price has plunged in pre-market trading, in the wake of Elon Musk's announcement that his deal to buy the company is on hold.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he wrote in the tweet. Start your Independent Premium subscription today. The price dropped by more than 20 per cent in the wake of Mr Musk’s announcement, dragging it down to around $36. That is well below the $54.20 per share that Mr Musk offered in the deal.

At current premarket levels, Twitter is trading at a ~35% discount to Musk's $54.20 per share offer price. Also, it is trading below where the stock was ...

Also, it is trading below where the stock was prior to Musk revealing an over 9% stake in early April. Also, it is trading below where the stock was prior to Musk revealing an over 9% stake in early April. Earlier this week, Twitter shares fell below $46.75, implying the probability of the deal closing at Musk's offer price was below 50%. Earlier this week, Twitter shares fell below $46.75, implying the probability of the deal closing at Musk's offer price was below 50%. At current premarket levels, Twitter is trading at a ~35% discount to Musk's $54.20 per share offer price. At current premarket levels, Twitter is trading at a ~35% discount to Musk's $54.20 per share offer price.

Earlier, after buying around 9 per cent of Twitter stock, Elon Musk had delivered a non-binding proposal to Twitter in order to acquire all of the ...

Tesla share price was quoting nearly 5 per cent higher in the pre market. Once the deal would have been completed, Twitter would have become a privately-held company. Share price of Twitter is showing extreme weakness ahead of Friday’s market opening.

In follow-up tweet around two hours later, he added that he was "still committed to the acquisition."

Bloomberg later said the FTC is separately reviewing the acquisition itself, though many experts don't expect the deal to raise antitrust concerns. "Permanent bans should be extremely rare and really reserved for accounts that are bots, or scam, spam accounts … I do think it was not correct to ban Donald Trump," Musk said at FT Live's Future of the Car conference. Does he share that goal or not?" "What are his goals for what it ends up being? Twitter's stock plummeted 18% in premarket trading following the initial announcement, but trimmed some losses after the second tweet. Gates went on to question what Musk's goal is with Twitter and whether his drive to promote free speech is sensible.

Shares drop almost 20% after entrepreneur questions fake accounts on social media site.

Shares of Twitter Inc. tumbled Friday, after Elon Musk said he was putting the deal to buy the social-media company "temporarily on hold" while he does his.

On April 25, Twitter agreed to be acquired by Musk for $54.20 a share. Since April 4, when Musk disclosed his Twitter stake, Tesla’s stock had plunged 36.4% through Thursday. Musk first disclosed his stake in Twitter on April 4, then said on April 14 that he was launching an unsolicited bid for the company. Dan Ives, the prolific Wedbush analyst, said the implications of Musk’s “bizarre tweet” will send this “Twitter circus show into a Friday the 13th horror show.” He said investors could now view the deal as falling apart, or that Musk is negotiating for a lower deal price or that Musk might simply walk away from the deal with a $1 billion breakup fee. But since Musk launched the bid, the closest Twitter’s stock came to closing at the $54.20 bid price was April 25, when it closed at $51.70. Shares of Twitter Inc. tumbled Friday, after Elon Musk said he was putting the deal to buy the social-media company “temporarily on hold” while he does his due diligence on fake accounts.

Hindenburg Research founder, who recently shorted Twitter, was in a jubilant mood when the social giant's stock price went tumbling early in the session.

“We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the first quarter of 2022 represented fewer than 5% of our [daily average users] during the quarter,” Twitter revealed in its first-quarter letter to shareholders. In a Twitter post, he said he needs to confirm first whether the number of fake accounts is indeed as low as management has said. As of Friday, it looks as if Elon Musk has found in the company’s bot analysis the excuse he may have been looking for to try to renegotiate the $44 billion price tag on his Twitter bid—or drop it entirely.

Elon Musk on Friday put his $44-billion Twitter offer on temporary hold, sending the shares of the social media company into a tailspin.

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The Tesla CEO's decision to put his takeover plan on hold raises the question of what the risk is for investors that the deal won't go through.

- Print Article - Order Reprints What’s an ‘Arb Spread?’ Here’s How to Calculate It for Elon Musk’s Twitter Deal.

Shares of the social-media company fell after Elon Musk said his deal to buy it was “on hold.”

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon Shares of Twitter shed $4.36, or 9.7%, to $40.72, its the lowest level since April 1, just before Mr. Musk disclosed a surprise 9% stake in the company. You may cancel your subscription at anytime by calling Customer Service.

The Tesla CEO said his deal to buy Twitter was 'temporarily on hold,' but then said hours later he is committed to the transaction.

A tweet from Tesla CEO Elon Musk sent Twitter shares sharply lower. The Tesla (ticker: TSLA) CEO said Friday his deal to buy Twitter (TWTR) was “temporarily on hold” pending a calculation related to the number of fake accounts on Twitter. Twitter Stock Plunges as Elon Musk Tweets About Acquisition