Twitter shares Sink, with legal battle ahead as Elon Musk walks away
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Shares dropped 6.6% to $34.40 as of 9:38 a.m., on track to erase about $1.8 billion in market value, after Musk backed out of an agreement to buy the social-media giant and take it private. Shares in Tesla Inc., the electric carmaker that Musk leads, fell about 1%.Shares dropped 6.6% to $34.40 as of 9:38 a.m., on track to erase about $1.8 billion in market value, after Musk backed out of an agreement to buy the social-media giant and take it private. Shares in Tesla Inc., the electric carmaker that Musk leads, fell about 1%.
