The sell-off could be related to news that Twitter might be close to a deal with Musk, who has vowed to change the platform’s policies on censorship.
's media venture public, fell in volatile trading on Monday amid reports that Twitter is nearing a take-private deal withThe stock declined more than 5% in premarket trading, on track to deepen its 20% year-to-date losses. The special purpose acquisition company is on track to merge with former president's Trump Media & Technology Group.
The media venture includes a social media platform called Truth Social, which launched on the Apple App Store in February.
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