Twitter stock

While Elon Musk's decision not to buy Twitter was heavily telegraphed, that's still not stopping investors from taking it out on the company's stock Monday ...

Elon Musk may still have a long legal battle on his hands after terminating his offer to buy Twitter.

Tesla (ticker: TSLA) stock had been up 0.9% in premarket trading at $758.70 after gaining 2.5% on Friday, but shares are down 3.8% in early trading Monday. Estimates for the overhang in Tesla stock from Musk’s potential Twitter (TWTR) purchase range from about 5% to 15%. With that range, it’s fair to ask why Tesla shares aren’t up. - Order Reprints Musk’s Twitter Deal Cost Tesla Stock Up to 15%. Why Are Shares Still Falling?

Mr. Musk reached an agreement to buy Twitter for $44 billion about three months ago. On Friday, after the market had closed, he tried to back out of the legally ...

Experts have said Mr. Musk’s reasoning is not legally sound and believe his focus on false accounts may be a tactic to bargain for a lower purchase price. He has even expressed his displeasure online, going as far as to tweet a poop emoji at Parag Agrawal, the company’s chief executive, in response to his tweet explaining how Twitter detects spam accounts. Since the deal was signed, investors have grown increasingly skeptical that the acquisition by the mercurial billionaire would get done on the agreed terms.

Elon Musk agreed to a US$1 billion breakup fee as part of the purchase, but it appears Twitter CEO Parag Agrawal and the company are preparing for a legal ...

That, he said, could convince advertisers to cut a bit less. That suggests Wall Street has very serious doubts that the deal will go forward. “Many technology firms have begun to control costs by reducing headcount and/or delaying adding employees,” he said. But on Monday Musk continued to taunt the company, using Twitter, over what he has described as a lack of data. While the outcome is uncertain, both sides are preparing for a long court battle. Twitter has said for years in regulatory filings that it believes about five per cent of the accounts on the platform are fake.

After billionaire Elon Musk said that he was abandoning his $44 billion buyout, Twitter vowed to pursue him in court.

Musk agreed to a $1 billion break-up fee as part of the buyout agreement. However, if Musk successfully makes that case — a big if — he could conceivably persuade a judge to let him walk out of the deal. "That goes to the heart of what is twitter's essential business." It has said for years in regulatory filings that it believes about 5% of the accounts on the platform are fake. The social media platform then vowed to challenge Musk in court to uphold the agreement, and has hired powerhouse law firm Wachtell, Lipton, Rosen & Katz in preparation for filing a lawsuit this week in Delaware Court of Chancery, according to Bloomberg. "As a basic premise, the Delaware court will want to enforce that merger agreement, and that will be their starting place."

Elon Musk's attempt to scrap his purchase of Twitter Inc may leave the world's wealthiest person in a stronger financial position than before he unveiled ...

Twitter's stock tumbled 9.5% to $33.50 on Monday. At that price, the value of his Twitter stake has fallen by about $200 million. Musk receives no salary from Tesla, instead earning billions of dollars worth of stock options after hitting several stock and performance targets in recent years. If Musk had not sold those Tesla shares, they would now be worth almost $1.6 billion less. But while CEO stock sales normally make investors nervous, the Twitter deal provided a reasonable explanation for Musk to reduce his massive stake in Tesla. In the last week of April, Musk sold 9.6 million Tesla shares at an average price of around $885 per share. Register now for FREE unlimited access to Reuters.com

Twitter shares fell on Monday after Elon Musk, the mercurial chief executive officer of Tesla, Inc. (TSLA), announced that he was trying to terminate his ...

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Shares of Twitter slid more than nine per cent in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion US bid ...

Musk alleged Friday that Twitter has failed to provide enough information about the number of fake accounts on its service. That, he said, could convince advertisers to cut a bit less. That suggests Wall Street has very serious doubts that the deal will go forward. "Many technology firms have begun to control costs by reducing headcount and/or delaying adding employees," he said. While the outcome is uncertain, both sides are preparing for a long court battle. Shares of Twitter slid more than nine per cent in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion US bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.

Unless Twitter's board can reach a settlement with Elon Musk, the stock seems likely to head substantially lower from here.

On Friday afternoon, the Tesla (TSLA -6.55%) CEO disclosed in a regulatory filing that he aimed to withdraw from the arrangement, and investors promptly traded ...

It's understandable that investors bailed from the stock on Monday. Tech stocks have been out of favor with investors lately, and Musk's attempted retreat isn't helping boost sentiment on Twitter. While many correctly speculated that the mercurial Tesla leader wouldn't go through with his $44 billion play for the micro-messaging company, others clearly believed in it. So what