Musk says Twitter deal at lower price isn't 'out of the question’
Twitter shares on Monday tumbled nearly 8% to $37.51, below $39.31, the closing price of April 1, the last trading day before the billionaire disclosed his 9% stake in the social media company
By Arghyadeep Dutta
Published - May 16, 2022, 04:11 PM ET
Last Updated - Feb 27, 2024, 07:35 AM EST
• Twitter slides 8% during Musk’s remarks in Miami
• Billionaire said at least 20% of Twitter accounts are likely fake or spam
Elon Musk on Monday fueled speculation that he could seek to renegotiate his Twitter Inc (NYSE: TWTR) takeover arrangement, saying a possible deal at a lower price wouldn’t be “out of the question.”
Twitter shares on Monday tumbled nearly 8% to $37.51, below $39.31, the closing price of April 1, the last trading day before the billionaire disclosed his 9% stake in the social media company.
