BRIAN DEAGON06:22 PM ET 07/07/2022
[Investors] 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.
| And there it is. But if Mr. Musk waived due diligence up front, won’t he get in trouble with the SEC for backing out afterward? |
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.
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