Premarket: $37.00 down $8.08 (-17.92%), a bit lower than the $54.20 offer number.
From Business Insider:
Twitter stock dropped as much as 25% in premarket trading on Friday after Elon Musk announced that his deal to buy the social media company was on hold.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted Friday.
The Tesla CEO attached a Reuters article that said Twitter estimated that spam or fake accounts made up less than 5% of its monetizable daily users in the first three months of the year....
....MUCH MORE
