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

11:09 AM May 13, 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

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

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