Elon Musk Strikes Again!? (TWTR) Twitter Shares Tumble On Monday | Rebecca Duthie
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Summary:
- Elon Musk's letter to Twitter executives.
- TWTR Share price fall.
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Musk requests more data regarding fake Twitter accounts.
Musk claims that Twitter is blatantly refusing to comply with the merger agreement terms. Twitter's share price sank on Monday in the wake of Tesla CEO Elon Musk doubling-down on challenging Twitter to prove its data on fake accounts and spam.
On Monday a Securities Exchange Commission (SEC) meeting was made public whereby Elon Musk indicated he sent a letter to the Twitter Executives in an attempt to gain more information regarding its methods of calculating that the company had 5% fake accounts. Immediately after the publication of this letter, TWTR share price fell 3.6%.
TWTR Share Price
Sources: finance.yahoo.com, thestreet.com
