Elon Musk aims to end the deal to buy the social network for $ 44 billion.
Shares of the social network Twitter continue to fall in price due to the failure of the deal to sell the company to businessman Elon Musk. CNBC reported this on Monday, July 11th.
Social network shares are said to have fallen by about 9%, weakening the company’s market value by nearly $ 2.2 billion. At the same time, Tesla’s Musk fell in price by more than 5%.
Last Friday it was learned that Elon Musk intends to terminate the deal to buy Twitter for $ 44 billion. The reason is that the trader is not satisfied with the amount of bots and fake accounts. On the same day, Twitter shares fell 6%.
In turn, Twitter’s management intends to seek the social network’s purchase from Musk through the courts.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.