Twitter shares opened about 11% lower on Friday after Elon Musk announced he had temporarily suspended a $44 billion deal to acquire the company.
At 11:00 am (Brasília time), the social network’s shares were down 11% on the New York Stock Exchange, at US$ 40.21, against US$ 45.08 at the close of the previous day.
Elon Musk posted on his Twitter account that, before moving forward with the agreement, he awaits the delivery of detailed calculations that confirm, in fact, that fake accounts and spam on the social network represent less than 5% of the platform’s users.
“Twitter’s settlement has been temporarily suspended pending pending details that support the calculation that spam/fake accounts actually represent less than 5% of users,” Musk tweeted.
Following the announcement, Twitter shares dropped 20% in premarket trading on the New York Stock Exchange.
The billionaire, however, said he was “still committed to the acquisition” hours later.
Despite Twitter’s fall, Wall Street’s main indexes opened higher on Friday (13), at the end of a busy week marked by increasing concerns about a tighter monetary policy and a slowdown in economic growth.
At 11:00 am ET, the S&P was up 1.3%, while the Nasdaq was up 1.97%.
Source: CNN Brasil
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