Previous Close | 44.26 |
Open | 44.19 |
Bid | 44.55 x 800 |
Ask | 44.58 x 2200 |
Day's Range | 43.96 - 44.78 |
52 Week Range | 31.30 - 68.41 |
Volume | |
Avg. Volume | 16,553,783 |
Market Cap | 35.583B |
Beta (5Y Monthly) | 0.59 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.23 |
Earnings Date | Apr 27, 2022 - May 02, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 43.05 |
(Bloomberg) -- Twitter Inc. was ordered to hand over files from its former consumer product head to Elon Musk on spam and bot accounts the billionaire has cited in seeking to abandon his $44 billion purchase of the social media company. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedDOJ Opposes Release of Affidavit in Trump Search, Citing Probe‘Next Generation’ Moderna Coronavirus Booster
The activist hedge fund Elliott Management sold its entire equity stake in Twitter in the second quarter, a period during which the social media company’s shares rallied dramatically after agreeing a $44bn takeover by Elon Musk in April. A securities filing on Monday showed that Elliott had no common stock in Twitter as of June 30, down from 10mn shares that were worth $387mn on March 31. Tesla chief executive Musk offered to buy Twitter at $54.20 a share in cash on April 14, a deal agreed by the company less than two weeks later.
Twitter Inc needs to give Elon Musk documents from a former Twitter executive who Musk said was a key figure in calculating the amount of fake accounts on the platform, according to a Monday court order. Bot and spam accounts on Twitter have become a central issue in the legal fight over whether Musk, who is Tesla Inc's chief executive, must complete his $44 billion acquisition of the social media company. Twitter was ordered to collect, review and produce documents from former General Manager of Consumer Product Kayvon Beykpour, according to the order from Chancellor Kathaleen McCormick of the Delaware Court of Chancery.