Twitter complied last Tuesday with its threat to start a legal battle and denounced the businessman in the Delaware Court of Chancery, which handles commercial disputes, to try to get a judge to order the Tesla founder to go ahead with the operation.
In its complaint, the company accused Musk of disqualifying it, altering its operations, reducing value for its shareholders, and other “contract loopholes” that have tarnished its business.
Twitter collapses on the stock market after Musk’s announcement to give up his purchase
Twitter continues trying to fit the consequences of the last chapter of the soap opera that it maintains with Elon Musk. After this weekend the billionaire announced his decision to cancel the purchase of the company, the first to pay the consequences have been the actions of the social network. The parquet has been the first to punish the firm. Thus, the titles of Twitter they plummeted more than 7% in trading before the US market opened. And the storm can still be more virulent as the day progresses. Because as soon as the trading floor opened its doors, the shares sank 7.4%, to $34.09, their lowest price since mid-March and far from the $54.2 contemplated in Elon’s proposal. Musk.
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