Companies
Featured

Musk Sends Twitter Shares on Rollercoaster After Saying Deal ‘On Hold,’ Then ‘Still Committed’

Musk Sends Twitter Shares on Rollercoaster After Saying Deal ‘On Hold,’ Then ‘Still Committed’
Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo, on April 15, 2022. Dado Ruvic/Illustration/Reuters
|Updated:
0:00
Twitter (TWTR) shares fell nearly 10 percent on May 13 after Elon Musk posted mixed messages on Twitter about his proposed takeover of the social media platform.

Musk sent Twitter shares tumbling almost 25 percent in premarket trading that day after stating that his acquisition of Twitter was “temporarily on hold” until he could get more information about the number of false or fake accounts on the social media network.

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
Related Topics