Twitter stock

2022 - 10 - 21

Twitter Stock Down 4% Over Possible Biden Security Review Of Musk (Forbes)

The dip comes after Bloomberg reported the Biden Administration is considering placing Musk's Twitter acquisition under a national security review.

That’s how much Musk agreed to pay for Twitter, a 38% premium from the company’s stock before he disclosed his position in the firm. Twitter sued Musk to force through the deal, but Musk told the company October 3 he’d move ahead with the original terms, two weeks before the trial between Musk and Twitter was slated to begin. Musk disclosed a 9% stake in Twitter in April and the company accepted his unsolicited takeover bid later that month, but the partnership quickly soured, with Musk officially filing to back away from the deal in July. Twitter shares hovered near $40 between July and early October, before shooting up more than 20% to over $50. [Musk’s Twitter Deal And Starlink May Face National Security Review, Report Says](https://www.forbes.com/sites/siladityaray/2022/10/21/musks-twitter-deal-and-starlink-may-face-national-security-review-report-says/?sh=4fb82a91e8af) (Forbes) [‘See You In Moscow’: Elon Musk And Former Russian President Medvedev Engage In Odd Twitter Exchange](https://www.forbes.com/sites/siladityaray/2022/10/21/see-you-in-moscow-elon-musk-and-former-russian-president-medvedev-engage-in-odd-twitter-exchange/?sh=4281b8b7e7a9) (Forbes) [Musk Offers Dismal Recession Prediction: ‘Probably Until Spring 2024’](https://www.forbes.com/sites/brianbushard/2022/10/21/musk-offers-dismal-recession-prediction-probably-until-spring-2024/?sh=4184c4410b79) (Forbes) [Musk Plans To Cut 75% Of Twitter Workforce, Report Says](https://www.forbes.com/sites/nicholasreimann/2022/10/20/musk-plans-to-cut-75-of-twitter-workforce-report-says/?sh=1ecc4c1d496c) (Forbes) [replied](https://twitter.com/elonmusk/status/1583264626053042176?s=20&t=jOfPy7ui--rM0Lm1CRVhcg) to a comment on the Bloomberg report of the potential national security review calling it “hysterical if the government stopped Elon from over paying for Twitter.” The Tesla and SpaceX CEO came under fire in recent weeks for several incidents appearing to indicate a chummy relationship with the Russian government, including [proposing](https://www.forbes.com/sites/dereksaul/2022/10/03/elon-musk-slammed-for-russia-friendly-proposal-to-end-war-in-ukraine/) for Ukraine to cede territory to Russia and [reportedly speaking](https://www.google.com/search?q=bremmer+forbes&oq=bremmer+forbes&aqs=chrome..69i57j0i5i13i30.2656j0j7&sourceid=chrome&ie=UTF-8) with Russian President Vladimir Putin about the war a few weeks ago. [We estimate](https://www.forbes.com/profile/elon-musk/?sh=1093b0167999) Musk to be worth $212 billion, about $60 billion more than anybody else. [reported](https://www.bloomberg.com/news/articles/2022-10-21/us-weighs-security-reviews-for-musk-deals-including-twitter-buy?leadSource=uverify%20wall) late Thursday the Biden Administration is mulling placing Musk’s business dealings under a national security review due to Musk [apparently cozying up](https://www.google.com/search?q=musk+putin+bremmer+derek+saul&ei=W71SY-iFIpmq5NoP6IuKyAU&ved=0ahUKEwion_mO1PH6AhUZFVkFHeiFAlkQ4dUDCBA&uact=5&oq=musk+putin+bremmer+derek+saul&gs_lp=Egdnd3Mtd2l6uAED-AEBwgIIEAAYgAQYsAPCAggQABiGAxiwA8ICBRAhGKABwgIFECEYqwKQBgJI0g5QSliFDXABeADIAQCQAQCYAWSgAYgHqgEEMTAuMeIDBCBBGAHiAwQgRhgAiAYB&sclient=gws-wiz) to the Kremlin and securing financing for the Twitter deal from Saudi Arabia and Qatar. [about 75%](https://www.forbes.com/sites/nicholasreimann/2022/10/20/musk-plans-to-cut-75-of-twitter-workforce-report-says/?sh=1ecc4c1d496c) of Twitter’s employees, which Ives called “way too aggressive” in a Friday note to clients, and a brutal Thursday earnings report from fellow social media giant Snap, Snapchat’s parent company. [told](https://www.cnn.com/2022/10/21/tech/twitter-stock-musk-deal/index.html) CNN Friday the agency doesn’t “know of any such conversations” taking place about examining Musk’s business dealings. [called](https://twitter.com/DivesTech) the report a “major wild card” for Wall Street’s interpretation of the likelihood Musk’s Twitter acquisition going through as expected.

Twitter stock falls after report says Biden admin weighing security ... (CNN)

Shares of Twitter dropped as much as 8% in pre-market trading Friday as investors braced for some last-minute uncertainty around Elon Musk's $44 billion ...

A Twitter spokesperson confirmed to CNN the authenticity of the memo. Neither Twitter nor representatives for Musk responded to requests for comment regarding layoff plans. “The long-term potential for Twitter, in my view, is an order of magnitude greater than its current value,” he said. Bloomberg also last week reported that the company had frozen employees’ stock accounts in anticipation of the deal’s completion. “We do not know of any such conversations,” National Security Council Spokesperson Adrienne Watson said in a statement. Asked by CNN, the administration pushed back on the report, which cited people familiar with the matter.

Twitter-Musk Deal Spread Widens on Government Scrutiny Fears (Bloomberg)

Market skepticism surrounding Elon Musk's $44 billion buyout of Twitter Inc. is back amid concerns that the deal may come under government scrutiny.

The move came after Bloomberg News [reported](https://www.bloomberg.com/news/articles/2022-10-21/us-weighs-security-reviews-for-musk-deals-including-twitter-buy) that the Biden administration is mulling whether the US should subject some of the billionaire’s ventures, including the deal for the social media company, to national security reviews. is back amid concerns that the deal may come under government scrutiny.

Stock Market Today: Dow Jumps 400 Points; Short-Term Yields Fall ... (The Wall Street Journal)

Twitter shares fell Friday after Bloomberg News reported that Biden administration officials are discussing whether the U.S. should subject some of Elon ...

Shares of Twitter bounced toward the $54.20 original price after he made the offer on Oct. Musk offered to close the acquisition at the original price agreed in April, a reversal that could end a monthslong battle he waged to get out of the $44 billion deal. Twitter shares fell Friday after Bloomberg News reported that Biden administration officials are discussing whether the U.S.

Twitter Stock Tumbles On Report Musk Takeover Could Be Subject ... (TheStreet)

Twitter shares slumped lower Thursday as the impact of Snap's ad-spend warning rippled through social media stocks and Bloomberg reported that Elon Musk's ...

The Bloomberg report suggested that the U.S. Citing conversations between Musk and his investor group, the Washington Post reported that Musk could slash Twitter's workforce to just 2,000 -- from the current 7,500 level -- in a move that could have huge implications for content monitoring on the website. The Bloomberg report could also mark a late-hour challenge to the Twitter deal, which Musk finally agreed to follow-through on last month after failing in a series of legal challenges to back out of the merger agreement while attacking the company's transparency on fake accounts and privacy. [revenue](https://www.thestreet.com/dictionary/r/revenue) growth since the company went public in 2017 over its third quarter, that it would see, little to no revenue growth amid a pullback in global add spending through the final three months of the year. government could use the Committee on Foreign Investment in the United States -- better known as CIFUS -- to review the takeover, given that the group involved in the takeover includes investors from China and Saudi Arabia. [TWTR](https://www.thestreet.com/quote/TWTR)) shares slumped lower Thursday as the impact of Snap's SNAP ad-spend warning rippled through social media stocks and Bloomberg reported that Elon Musk's planned takeover of the group could be subject to a national security review.

Twitter Stock Plummets, US Gov To Intervene In Elon Musk Deal (Coingape)

Twitter shares fell as much as 16% as the US government is mulling a security review of the Elon Musk-Twitter deal.

DOGE fell when Musk pulled away from the Twitter deal and skyrocketed when he announced that he is buying Twitter. Twitter sued Musk in court, after which Musk informed Twitter that he will buy the company at the original offer. Musk also suggested that he is thinking of shutting down Starlink services in Ukraine due to cost reasons. The Biden administration is uncomfortable with Musk’s pre-Russia stance. However, Elon Musk soon pulled his offer from Twitter on the accusation that Twitter under-reported its bot’s activity. The peace deal includes the provision to redo the referendum under the United Nations. Twitter stock stumbles as Elon Musk deal is in further jeopardy. In the pre-market, Twitter shares are down 7%. Elon Musk informed Twitter that he is willing to purchase The report highlights Musk’s deal to purchase Twitter will be subject to security review. The Starlink security network may also be subjected to review. However, reports surfaced that Musk is looking to fire 75% of Twitter’s workforce.