Twitter Share Price: Twitter’s stock is seeing a big drop after billionaire Elon Musk’s decision to buy social media platform Twitter was put on hold for the time being. Before the opening of the US stock market, Twitter’s stock is trading at $ 37.10 per share, down 17.7 percent in premarket trading. This is the lowest level of Twitter’s stock since Elon Musk announced the purchase of Twitter.
Earlier, Elon Musk has tweeted that the Twitter deal is currently on hold temporarily. Behind this, he has mentioned spam and fake accounts. It is not clear, however, how big of a risk the details associated with spam and fake accounts could pose a risk to the deal going on.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Earlier, Tesla CEO Elon Musk had decided to buy Twitter for $ 44 billion. Elon Musk is the richest person in the world and has a net worth of $257 billion. Let us tell you that Elon Musk had also raised money to complete this deal. But for the time being, he has put the decision to buy Twitter on hold.
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