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After a seven month-long heated legal battle between Elon Musk
and Twitter over the billionaire’s attempt to backtrack on a $44 billion
takeover offer, the Tesla CEO agreed to follow
through with buying the social media company at the original price—two
weeks before the parties were set to duke it out in court. Twitter shares skyrocketed 22% in light of
the news, while Tesla stock fell in the hour after the announcement before
recovering to a 2.4% gain for the day. |
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Wednesday, October 5, 2022
After a seven month-long heated legal battle between Elon Musk and Twitter...
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