Friday, 24 March, 2023

Twitter shares dip following Musk doubts about the acquisition

<p>After Elon Musk&#39;s planned $44B acquisition of Twitter came into doubts, Twitter&#39;s stock dropped 10%. A drop in the stock price could jeopardise Musk&#39;s ability to close the deal. Since Musk made his offer last month, Tesla shares has dropped 25%. Musk has expressed his displeasure with Twitter&#39;s usage of bots and phoney accounts. According to analysts, he might try to renegotiate the transaction for a cheaper price or walk away with a $1 billion breakup fee.</p>