Elon Musk on Friday put his $44-billion Twitter offer on temporary hold, sending the shares of the social media company into a tailspin.
Twitter stock has consistently traded below Musk's offer price of $54.20 per share since the announcement of the dealon April 14, wiping off over $2 billion from the company's market capitalization.
Tesla and Twitter shares move on Musk's stake disclosure and offer to buy social media companyReporting by Akash Sriram and Yuvraj Malik in Bengaluru; Editing by Sweta Singh and Shinjini GanguliSign up to our tech newsletter to get the latest news and trends in the global technology industry.
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