Twitter Continued to Tumble Over 6% in Premarket Trading After It Accused Musk of Breaking NDA

Tiger Newspress2022-05-16

Twitter continued to tumble over 6% in premarket trading after it accused Musk of breaking NDA.

Elon Musk continued to sound off about the actual number of automated bots and fake accounts on Twitter Inc. over the weekend, and said Twitter's legal team accused him of breaking a nondisclosure agreement.

Last Friday, Musk tweeted that his $44 billion acquisition of Twitter was "temporarily on hold" while he investigated whether bots, spam and fake accounts actually make up less than 5% of the service's accounts, as Twitter has claimed. That sent Twitter shares (TWTR) sinking nearly 10% on the day.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • noobiee
    2022-05-16
    noobiee
    Oh no 
  • JCai
    2022-05-16
    JCai
    K
  • MIe
    2022-05-16
    MIe
    Tweet buying opp, musk deal 
  • Tbun
    2022-05-16
    Tbun
    Like
  • N00b
    2022-05-16
    N00b
    Ok
  • Pigmonkey
    2022-05-16
    Pigmonkey
    Ok
Leave a comment
11