Twitter drops 11.3% on Wall Street after Musk abandons takeover plan


The title of the company ended at 32.65 dollars on the New York Stock Exchange.

Twitter shares ended down 11.3% on Wall Street on Monday after Elon Musk abandoned plans to buy the social network for $44 billion, a decision that paves the way for a legal battle.

The company’s title ended at 32.65 dollars on the New York Stock Exchange, 40% less than what the multi-billionaire had offered when he announced his intention to get his hands on Twitter in April.



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