{"id":77776,"date":"2022-07-11T20:15:58","date_gmt":"2022-07-11T20:15:58","guid":{"rendered":"https:\/\/omni48.com\/news\/twitter-shares-plunge-after-elon-musk-backs-away-from-44b-deal"},"modified":"2022-07-11T20:15:58","modified_gmt":"2022-07-11T20:15:58","slug":"twitter-shares-plunge-after-elon-musk-backs-away-from-44b-deal","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/twitter-shares-plunge-after-elon-musk-backs-away-from-44b-deal","title":{"rendered":"Twitter Shares Plunge After Elon Musk Backs Away From $44B Deal"},"content":{"rendered":"<p>The mogul&#8217;s attempt to exit from the deal opens the way for a disruptive courtroom battle as its stock price slid 11 percent on Monday.Elon Musk Gotham\/Getty ImagesShare this article on TwitterShare this article on EmailShow additional share optionsShares in Twitter have tumbled after Elon Musk abandoned his $44 billion deal for the social media giant.On Monday, Twitter&#8217;s stock price was down $4.16, or 11.3 percent, to $32.65 after news that Musk had terminated the takeover deal on grounds the target company was in &#8220;breach&#8221; of the merger agreement. On Friday, in a letter to Twitter, Musk reiterated the social media giant did not provide enough information about its bot and spam accounts on the platform, and did not give Musk and his team enough data to conduct their own analysis.Also Monday, Musk posted a meme on his Twitter account that mocked the management of the social media platform for threatening to take him to court over the deal. &#8220;Now<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mogul&#8217;s attempt to exit from the deal opens the way for a disruptive courtroom battle as its stock price slid 11 percent on Monday. Shares in Twitter have tumbled<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,24],"tags":[33,27,29,28],"class_list":["post-77776","post","type-post","status-publish","format-standard","hentry","category-news","category-stocks","tag-business","tag-economy","tag-markets","tag-stocks"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/77776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=77776"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/77776\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=77776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=77776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=77776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}