Twitter stock stumbles after Elon Musk's purchase deal falls apart
"For nearly two months, Mr. Musk has sought the data and information necessary to ‘make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform,'" Musk's lawyer wrote Friday.
Elon Musk’s Twitter account is displayed on the screen of an iPhone in front of the homepage of the Twitter website."This information is fundamental to Twitter’s business and financial performance and is necessary to consummate the transactions contemplated by the Merger Agreement because it is needed to ensure Twitter’s satisfaction of the conditions to closing, to facilitate Mr.
In a series of tweets on Monday, Musk suggested Twitter will be forced to hand over the relevant information during court proceedings.Twitter shares closed at $36.81 per share on Friday, sharply lower than Musk's $54.20 per-share offer.
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