Twitter shares plunge about 6% in pre-conference trading as the legal battle between Elon Musk and the social media company is expected to take center stage after the world’s richest man pulled out of the $44 billion deal .
Musk announced on Friday that he was ending his deal to buy Twitter because the company had violated several provisions of the merger agreement.
Twitter plans to take legal action against Muskperhaps even this week, and force him to complete the takeover, people with knowledge of the matter told Reuters.
Today, Musk criticized Twitter’s attitudesaying in a post that the legal dispute will force the company to disclose information about spam and fake accounts to the court.
Musk’s tweets were his first public response since Friday’s announcement
Source: Capital
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