Tesla stock gains more than 5% after Elon Musk tweets Twitter deal is 'temporarily on hold'

Summary by Ground News

Tesla Inc. stock rose more than 5% on Friday after news that Elon Musk has put the Twitter deal on hold. The stock was on track for its biggest one-day percentage gain since March 28. Tesla shares were down about 22% from when Musk announced his intention to buy the social-media company.

Tesla stock gains more than 5% after Elon Musk tweets Twitter deal is 'temporarily on hold'

9 days ago

News Articles

Times of India

Twitter plunges 22% in pre-market trade after Musk tweets buyout deal temporarily on hold

At current premarket levels, Twitter is trading at a ~35% discount to Musk's $54.20 per share offer price. Also, it is trading below where the stock was prior to Musk revealing an over 9% stake in early April.

10 days ago·Mumbai, India

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The Independent

Elon Musk says Twitter deal ‘temporarily on hold’ over spam and fake accounts

Elon Musk says he is “still committed” to his deal to buy Twitter, after revealing on Friday that the takeover is “temporarily on hold” over details around the number of spam and fake accounts present on the site.The billionaire Tesla owner agreed a £34.5 billion deal to take over the social media giant last month, pledging to improve free speech on the site and remove fake accounts.But in a tweet on Friday, Mr Musk said the deal is now on hold “

9 days ago·London, United Kingdom

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The Star Kuala Lumpur

Elon Musk says US$44bil Twitter deal on hold over fake account data

Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc TWTR.N was "temporarily on hold" while he waits for the social media company to provide data on the proportion of its fake accounts.

9 days ago·Malaysia

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NBC News

Elon Musk stokes speculation after tweeting Twitter deal on hold

Elon Musk tweeted that his Twitter deal will be on hold after the company reported fake accounts made up fewer than 5 percent of users, though it “could be higher.” Musk later tweeted that he is committed to acquisition. Experts speculate that Musk’s real motive was to renegotiate the Twitter deal even if he had to pay a billion-dollar fee.

9 days ago·United States

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Times Live

Musk says $44bn Twitter deal on hold over fake account data

Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc was "temporarily on hold" while he waits for the social media company to provide data on the proportion of its fake accounts.

9 days ago·Johannesburg, South Africa

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