Elon Musk Terminates $44 Billion Twitter Deal

Published on July 11, 2022, 9:09 am

Published by BC Local News

On July 8, Musk's attorney told Twitter's board that the SpaceX and Tesla CEO wants to cancel the deal to buy the social media platform. During premarket trading on July 11, Twitter shares were down 5% indicating about a $1.4 billion loss in market value from the closing price on July 8. Reports say that following a likely protracted court battle, Musk could be fined $1 billion for walking away from the deal. #ElonMusk #Twitter #BusinessNews

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