Read more

Twitter slumps 18% in premarket as Musk says deal on hold

11:09 AM 13 May 2022

Shares of Twitter (TWTR.US) are slumping18% in premarket today after Elon Musk said that deal has been temporarily put on hold. Tesla CEO said that acquisition was put on hold pending details on calculations that spam and bot accounts make up less than 5% of Twitter's daily monetizable users. It is unsure what it means as details are scarce at the moment. Nevertheless, current premarket quotes signal that the session ahead may be a wild one for Twitter shareholders.

Elon Musk informed in a tweet that Twitter deal has been put on hold. Source: Twitter

Current premarket quotes point to a massive 18% slump at the launch of the Wall Street session. Source: Bloomberg

Share:
Back

Market News

11.07.2025
19:21

Daily summary: Bitcoin sets new all-time high at $118k 📈Oil gains, wheat drops 2%

Wall Street showed signs of mild uncertainty today. Although major indices remain near record highs, trading was cautious as investors await details...

 18:44

OIL gains 2% 📈

Oil prices rebound slightly on Friday, though the market remains cautious. Investors are evaluating potential new sanctions on Russian crude, offset...

 18:05

Three markets to watch next week (11.07.2025)

The upcoming week may be very interesting in terms of macro publications. Among the U.S. reports alone are the CPI report, retail sales, and data from...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits