UPDATE: elonmusk put his $42 billion takeover of Twitter on hold till it can be verified that the social media site has less than 5% of spam or fake accounts. Musk's tweet sent Twitter shares plummeting to under $39. By OKnightCrypto
Twitter's share price were down over 17% at $37.2 in pre-market trading, while Tesla shares were up over 5% at $769.27 in pre-market trading.
The Tesla CEO started his takeover campaign of the social media site last month by buying a prominent stake in Twitter and then offered to buy the firm for $54.2 per share, which would value the company at around $41.4 billion.
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