TWITTER share price

Mr. Musk reached an agreement to buy Twitter for $44 billion about three months ago. On Friday, after the market had closed, he tried to back out of the legally ...

Experts have said Mr. Musk’s reasoning is not legally sound and believe his focus on false accounts may be a tactic to bargain for a lower purchase price. He has even expressed his displeasure online, going as far as to tweet a poop emoji at Parag Agrawal, the company’s chief executive, in response to his tweet explaining how Twitter detects spam accounts. Since the deal was signed, investors have grown increasingly skeptical that the acquisition by the mercurial billionaire would get done on the agreed terms.

Elon Musk's attempt to scrap his purchase of Twitter Inc may leave the world's wealthiest person in a stronger financial position than before he unveiled ...

Twitter's stock tumbled 9.5% to $33.50 on Monday. At that price, the value of his Twitter stake has fallen by about $200 million. Musk receives no salary from Tesla, instead earning billions of dollars worth of stock options after hitting several stock and performance targets in recent years. If Musk had not sold those Tesla shares, they would now be worth almost $1.6 billion less. But while CEO stock sales normally make investors nervous, the Twitter deal provided a reasonable explanation for Musk to reduce his massive stake in Tesla. In the last week of April, Musk sold 9.6 million Tesla shares at an average price of around $885 per share. Register now for FREE unlimited access to Reuters.com

TWITTER shares plunged on Monday as Elon Musk issued a mocking, defiant commentary about a looming court battle after he ditched a US$44 billion buyout of ...

Shares dropped 6.6% to $34.40 as of 9:38 a.m., on track to erase about $1.8 billion in market value, after Musk backed out of an agreement to buy the ...

“The company is well known but it’s not a great business,” said Kimberly Forrest, founder and chief investment officer of Bokeh Capital Partners. “Wall Street needs companies to show revenue and/or earnings growth. For its first-quarter financials, revenue rose to $1.2 billion, missing analysts’ estimates amid in a slowdown in advertising. “The company is well known but it’s not a great business,” said Kimberly Forrest, founder and chief investment officer of Bokeh Capital Partners. “Wall Street needs companies to show revenue and/or earnings growth. Shares in Tesla Inc., the electric carmaker that Musk leads, fell about 1%. The stock has also been falling along with the tech sector amid rising interest rates. For its first-quarter financials, revenue rose to $1.2 billion, missing analysts’ estimates amid in a slowdown in advertising. Shares in Tesla Inc., the electric carmaker that Musk leads, fell about 1%. The stock has also been falling along with the tech sector amid rising interest rates. “They are going to require Musk to do the deal even though he says it is terminated, and they have what I would say is a greater than 50% chance that they will win,” said market strategist Cabot Henderson, who has a focus on merger arbitrage and special situations at JonesTrading. With a $1 billion breakup fee on the line, traders are bracing for more chaos as Twitter takes Musk to court. “They are going to require Musk to do the deal even though he says it is terminated, and they have what I would say is a greater than 50% chance that they will win,” said market strategist Cabot Henderson, who has a focus on merger arbitrage and special situations at JonesTrading. With a $1 billion breakup fee on the line, traders are bracing for more chaos as Twitter takes Musk to court.

Twitter shares fell on Monday after Elon Musk, the mercurial chief executive officer of Tesla, Inc. (TSLA), announced that he was trying to terminate his ...

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Unless Twitter's board can reach a settlement with Elon Musk, the stock seems likely to head substantially lower from here.