Shares of the social media giant Twitter (NYSE: TWTR) fell more than 6% to $34.40 in pre-market trading on Monday after the owner of Tesla (NASDAQ: TSLA) Elon Musk announced that he would abandon his tumultuous $44 billion offer to buy Twitter. $TWTR if the bearish momentum continues then the strong downside level to watch is $30.
Twitter stock closed 5% lower last Friday after Musk’s lawyer informed Twitter’s board of directors that he wanted to cancel the transaction while Musk’s electric vehicle manufacturer Tesla shares surged 2.54% to $ 752.29.
Read more here - https://gulfbrokers.com/en/twitter-stock-extends-slide-after-elon-musk-decided-to-suspend-the-44b-deal
And it’s mind-blowing to see how each change affects economies and corporations.