Connect with us

Technology

Twitter Acquisition By Elon Musk In Jeopardy, Report Says

Published

on

Twitter stock fell in after-hours trading Thursday after a report surfaced that the $44 billion dollar acquisition offer by Elon Musk was in doubt.

“Musk’s deal to buy Twitter (TWTR) is in serious jeopardy,” the Washington Post said. It said Musk’s camp concluded that Twitter’s figures on spam accounts are not verifiable.

Twitter stock dropped 4.4% to 37.10 during late trading on the stock market today.

Twitter stock has been on a roller-coaster ride ever since Musk, in April, made a highly speculative bid to acquire the social media company for $54.20 a share.

The board of directors ultimately agreed to the deal. But action in Twitter stock showed there is plenty of uncertainty as to whether it will go through or not.

Twitter Stock: Musk Team Stops Talks

Musk’s team has stopped engaging in discussions for funding the $44 billion deal, the Post said.

If Musk pulls out of the deal, it could trigger a big legal battle as the original deal spelled out a $1 billion fee if one or the other side busts the deal.

The Wall Street Journal said Twitter laid off 30% of its talent acquisition team, as the company deals with increasing business pressures. The layoffs are expected to affect fewer than 100 people. The cuts are limited to the talent acquisition team, the report said.

The Journal said a Twitter spokesman confirmed the layoffs but declined further comment.

Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.

YOU MAY ALSO LIKE:

Is Elon Musk Headed For Burnout With Tesla CEO’s Risky Plan To Buy Twitter?

Web3 Leads Metaverse Companies Like Facebook Into Brave New Virtual Worlds

Next Generation Of The Internet Is A $13 Trillion Market, Bank Says

News

us dollar rate today us dollar rate today
Forex17 hours ago

The US dollar rate today is stable against the euro, rising against the yen

The US dollar rate today is stable against the euro, rising against the yen and weakly rising against the pound....

Eurozone gdp growth 2022 Eurozone gdp growth 2022
Forex17 hours ago

Is the EU economy growing? Quarterly GDP growth estimate for the eurozone worsened to 0.6%

Is the EU economy growing? Quarterly estimate of eurozone GDP growth worsened to 0.6%Eurozone GDP growth quarterly estimate worsened to...

Rough gas storage facility UK Rough gas storage facility UK
Economy18 hours ago

Rough gas storage facility UK to be mothballed

Rough gas storage facility UK, which was mothballed in 2017 due to safety concerns, will resume operations due to the...

decline in the US economy begins to slow decline in the US economy begins to slow
Economy18 hours ago

Will the decline in the US economy begin to slow? The economy is falling for the second quarter in a row. What does it mean?

Will the decline in the US economy begin to slow? Compared to the first quarter of 2022, U.S. GDP has...

reasons for increase in gas prices reasons for increase in gas prices
Commodities2 days ago

Experts named the main reasons for increase in gas prices in the European Union

Problems with the restoration of full operation of the Nord Stream pipeline continue to put pressure on gas futures prices...

Natural gas price Natural gas price
Commodities2 days ago

Natural gas prices in Europe exceed $2,600

Natural gas prices on the London Stock Exchange ICE record rose to more than $2,600 per thousand cubic meters for...

oil is getting cheaper oil is getting cheaper
Commodities2 days ago

Oil is getting cheaper — What’s going on in the commodities market?

Oil is getting cheaper. Oil quotes are falling Tuesday night due to concerns about slowing global economic growth and weakening...

tornado cash sanctions tornado cash sanctions
Cryptocurrency2 days ago

Sanctions against Tornado Cash boosted TORN token trading volumes

Tornado cash (TORN) token trading volumes jumped sixfold amid the announcement of sanctions against the mixer. This was pointed out...

eqonex news eqonex news
Cryptocurrency2 days ago

Eqonex news: High competition buried public crypto exchange Eqonex

Eqonex news: public U.S. crypto exchange Eqonex (EQOS) will close its services to customers on August 22 due to high...

bitcoin plummets as miners sell inventory bitcoin plummets as miners sell inventory
Cryptocurrency2 days ago

Bitcoin plummets as miners sell inventory? Miners continue to sell bitcoin, albeit in smaller volumes 

Despite lower market volatility, miners are still dumping bitcoin. Because of this, bitcoin also plummets as miners sell inventory. This...

crude oil price forecast 2022 crude oil price forecast 2022
Forex3 days ago

Crude oil price forecast 2022: WTI in free fall amid global turmoil

Crude oil prices are in free-fall at the beginning of the week, with a barrel of West Texas Intermediate currently...

is there a recession in Europe is there a recession in Europe
Economy3 days ago

Is Europe in a recession now: the consequences are listed

Is Europe in a recession now? The depth of the recession in the eurozone will depend on the pace as...

saudi aramco base oil company saudi aramco base oil company
Commodities3 days ago

Saudi Aramco based oil company sees no strong impact on its position in Asia

Saudi Aramco-based oil company does not see any impact on its position in Asia, including India, from the redistribution of...

will crude oil prices fall will crude oil prices fall
Commodities3 days ago

Oil prices have stepped up their fall. Will crude oil prices fall even more? 

During the day oil quotes turned to fall on fears of slowing growth of the Chinese economy and increasing oil...

is bitcoin rally over is bitcoin rally over
Cryptocurrency3 days ago

Investors Ask Asian Crypto Exchange’s CEO To Step Down, Bankrupt Exchange In Potential Fundraising Talks

Is the Bitcoin rally over? Institutional investors didn’t cause a new bitcoin rally. That’s what Bloomberg writes, citing members of...

coinbase stock chart coinbase stock chart
Cryptocurrency3 days ago

S&P Global downgraded Coinbase to speculative: What will happen to the Coinbase stock chart? 

Rating agency S&P Global downgraded Coinbase cryptocurrency from BB+ to BB. How will this affect the Coinbase stock chart? Coinbase...

galaxy digital to buy bitgo galaxy digital to buy bitgo
Cryptocurrency3 days ago

Galaxy digital to buy BitGo? The company declined to buy the cryptocurrency depository

Galaxy Digital to buy BitGo? Galaxy Digital, a company owned by bitcoin investor Mike Novogratz, has changed its mind about...

current dollar rate as of today current dollar rate as of today
Forex3 days ago

Current dollar rate as of today: The dollar is rising against the euro and the pound, slightly falling against the yen

Current dollar rate as of today: The dollar is moderately strengthening against the euro and pound sterling. but slightly declining...

US war with china and russia US war with china and russia
Economy3 days ago

US war with China and Russia: Kissinger says the U.S. is “on the brink” of war with Russia and China

US war with China and Russia: Former Secretary of State Henry Kissinger believes that the U.S. is “on the brink...

a threat to the u s economy are important a threat to the u s economy are important
Economy3 days ago

A threat to the US economy biggest: experts name unexpected factor

The conflict between China and Taiwan is a threat to the U.S. economy largest and can deal a blow to...

How does FED rate cut affect stock market How does FED rate cut affect stock market
Economy3 days ago

How does the FED rate cut affect the stock market? Fed spokesperson calls for continued rate hikes

The history of FED rate hikes and cuts has yet to face what is happening today. Thomas Barkin, president of...

inflation reduction act of 2022 inflation reduction act of 2022
Economy3 days ago

Inflation reduction act of 2022: U.S. Congress agrees to allocate $430 billion for climate and inflation

Both houses of Congress have approved the Inflation Reduction Act of 2022, which also entails an allocation of nearly $370...

oil prices fall again oil prices fall again
Commodities3 days ago

Oil prices fall again at the start of Monday’s trading

Global oil prices fall again Monday morning by more than 1%. Investors are evaluating a lot of factors – both...

copper price by day copper price by day
Commodities3 days ago

Copper price per pound declines on doubts about demand in China

Copper prices per pound are declining on Monday due to negative demand prospects in China, according to trading data. The...

gold price today gold price today
Commodities3 days ago

Gold price today at 1810 dollars per troy ounce

The gold price today stabilized. On Friday evening, it was at 1810 dollars per troy ounce, which might show the...

import of gold in India import of gold in India
Commodities3 days ago

Imports of gold in India fell 30% in January-July

Imports of gold in India in January-July declined by 30%. India imported $2.37 billion worth of gold in July 2022,...

oil prices daily oil prices daily
Commodities3 days ago

What will happen to Brent crude oil prices in the new week

The global oil market will be guided by fresh forecasts on the demand for the raw materials. Brent crude oil...

international oil prices international oil prices
Commodities3 days ago

U.S. Treasury Department to discuss with Brazilian counterparts restrictions on international oil prices from Russia

Deputy Treasury Secretary Brian Nelson will discuss with the Brazilian Ministry of Finance during his visit to Brazil the limitation...

Stablecoin AUSD collapse Stablecoin AUSD collapse
Cryptocurrency3 days ago

Stablecoin AUSD collapse? Collapse to $0.05 after hacker attack

Stablecoin AUSD collapse? Unknown individuals attacked the Polkadot-based Acala Network protocol and released over 1.2 billion AUSD. As a result,...

cryptocurrency trading volume analysis cryptocurrency trading volume analysis
Cryptocurrency3 days ago

Cryptocurrency trading volume analysis: Trading volume decreased by 1.7% in July

According to cryptocurrency trading volume analysis from Chinese journalist Colin Wu, July was not a very good month for the...

Trending

©2021-2022 Letizo All Rights Reserved