Twitter stock falls after Musk abandons takeover plan

Twitter stock fell Monday after Tesla chief Elon Musk ditched a $44 billion deal to buy the social media giant.

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In this photo illustration, a phone screen displays the Twitter account of Elon Musk with a photo of him shown in the background, on April 14, 2022, in Washington, DC. Twitter stock fell Monday after Tesla chief Elon Musk ditched a $44 billion deal to buy the social media giant. -- Photo: Olivier Douliery / AFP

2022-07-11 19:01:59

Twitter stock fell Monday after Tesla chief Elon Musk ditched a $44 billion deal to buy the social media giant.

The platform stock dropped 5.46 percent on Wall Street, to $34.80 by around 7:05 am (11:05 GMT). It had lost 5.10 percent before the weekend.

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