Twitter Shares to Be Suspended on NYSE as Musk Nears Takeover

Twitter Shares to Be Suspended on NYSE as Musk Nears Takeover
Elon Musk's Twitter profile on a smartphone placed on printed Twitter logos on April 28, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

Twitter Inc. shares will be suspended from trading on Friday, the New York Stock Exchange’s website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to close his $44 billion deal to buy the social media company.

Musk, the world’s richest person, visited Twitter’s headquarters in San Francisco on Wednesday and hinted he was the company’s top boss after updating his profile bio to “Chief Twit”.