(NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity. After a meteoric rise, Tesla shares started to plummet last year. SAN FRANCISCO, Ap/PRNewswire/ - Twitter, Inc. Since late last month, the 51-year-old has laid off 50 percent of Twitter’s 7,500. Still, recent investors have also lost a lot more than the $14 billion at the heart of the case. Musk has used many of those same tactics to upend the social media company in just a few weeks. The August 2018 shareholder loss wasn't sustained for long: When adjusting for two stock splits, Tesla's shares are now worth roughly six times more than their 2018 values. After months of waffling, lawsuits, verbal mudslinging and the near miss of a full blown trial, Elon Musk now owns Twitter. Breaking: Elon Musk Banned Megan Rapinoe From Twitter. What's happened to Tesla stock since the 2018 drama? 15 Facebook post ( direct link, archive link) claims an outspoken female athlete was banned from a popular social media platform. Tesla's stock prices swung by roughly $14 billion during the 10-day period covered in the lawsuit, the shareholders say. Twitter CEO Elon Musk has offered the social-media companys employees stock grants at a valuation of nearly 20 billion, The Information reported on Saturday. A jury will now decide whether Musk acted recklessly by posting them, as well as whether he caused financial harm to Tesla shareholders. 7-17) that began the same day as Musk's tweets.ĭistrict Judge Edward Chen has already ruled that Musk's initial tweets were knowingly false and misleading. The trial stems from a class-action lawsuit brought by investors who owned Tesla stock during a 10-day period (Aug. Tesla shareholders say CEO Elon Musk, pictured here unveiling the Model Y in Hawthorne, Calif., in 2019, brought undue financial risk to the company by tweeting about a possible buyout.
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