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Twitter Plunges After Musk Pumps Brakes on Deal

Shares were trading at a discount to Elon Musk's offer amid skepticism the deal would succeed, and fell Friday morning after he put the deal "temporarily on hold."

Mentioned:

Twitter (TWTR) is set to dive at the U.S. open, with premarket indicators pointing to a 15% drop in price for the company, which would push its shares below the $39 they were at just before Elon Musk disclosed his initial 9% stake at the beginning of April.

Lukas Strobl does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.