Looming Musk-Twitter legal battle drags on company shares

Looming Musk-Twitter legal battle drags on company shares

2 years ago
Anonymous $0BkBa0cUPa

https://apnews.com/9677ce832c7773e37142fb639cb777c2

NEW YORK (AP) — Shares of Twitter slid more than 6% before the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.

Musk alleged Friday that Twitter has failed to provide enough information about the number of fake accounts it has. However, Twitter said last month that it was making available to Musk a "firehose” of raw data on hundreds of millions of daily tweets when he raised the issue again after announcing that he would buy the social media platform.