Elon Musk’s attempt to terminate the purchase agreement Twitter sent shares in the social media company falling, while investors are preparing for what is expected to be a messy courtroom battle.
Twitter shares fell 9.7% to $ 33.26 in midday trading. The move follows Musk’s revelation to securities regulators Friday that he is trying to abandon his $ 44 billion deal to buy Twitter and take it privately, saying the company has not provided the information he needs to assess the prevalence of counterfeit or spam accounts. . .