Investors told about the deal Twitter with Elon Musk may fail as Elon Musk may not purchase Twitter for the agreed $44 billion. Twitter shares hit $46.75, Musk is worth $268 billion as per Forbes.
- Earlier, Elon Musk agreed to acquire Twitter for $44 billion
- Shares of the platform, Twitter fell by 3% in afternoon trading
- Elon Musk announced a deal to buy the giant social media platform
The stock market changed the direction of air for the first time on Tuesday in the deal of Elon Musk with Twitter to acquire the Giant Social Media Platform, Twitter for $44 billion.
The deal between Twitter and the billionaire investor Elon Musk may close at that price fell below 50 percent when Twitter shares hit $46.75 (Rs. 3,600), but the deal price was the $54.20 (Rs. 4’180), and the Twitter’s share was closed at $39.31 (Rs. 3,000) on April 1 just before Musk has revealed the stake in the company.
Elon Musk agreed to acquire Twitter, social media platform for $44 billion after revealing its biggest stake in the company. Elon Musk also gets sued by Twitter for not revealing its stake in the company which is unlawful as per the US law statutes.
Twitter’s share falls by 3% and reaches $46.50 (Rs. 3,500) during the afternoon trading.
As per the information from Forbes, Elon Musk is worth $268 billion and he was not primarily concerned with the economics of Twitter.
Elon Musk said in a recent public platform “Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future