“Twitter shares sink after Elon Musk terminates $44 billion deal”
July 11, 2022
“Twitter shares sank in premarket trade Monday after Elon Musk said he is trying to terminate his $44 billion takeover of the company.
Shares of the social media platform fell more than 6%, wiping nearly $1.8 billion off the company’s market value. Tesla, where Musk is CEO, fell almost 4%.
On Friday, Musk’s attorney notified Twitter’s board that he wants to cancel the deal. The billionaire has taken issue with the number of bots and fake accounts on Twitter and says the company isn’t being truthful about how much activity on the service is authentic…”
https://www.cnbc.com/2022/07/11/twitter-shares-sink-after-elon-musk-terminates-44-billion-deal.html
There’s to much controversy surrounding Twitter. It’s affecting the company and I believe the platform is dying. I don’t know why Elon wanted to buy it in the first place. Let the platform die instead of trying to prop it up. Thats just my opinion.