Elon Musk has brought the $44 billion acquisition of Twitter (TWTR.US) to a close and has decided to delist the stock. As of today, the company will cease trading on the NYSE. The stock price has risen nearly 65% since July:
- Musk plans to lay off between 50 and as many as 75% of the company's employees, and began by firing former CEO Parag Agrawal. Musk has hinted that he will try to 'unlock' the full potential of the social networking platform. Billionaire announced a possible return of Twitter to the stock market in a horizon of 3 to 5 years.
Twitter shares (TWTR.US), D1 interval. Source: xStation5
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