Stocks: Twitter continues to process – stock before important test

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Tesla Green Elon Musk wants to buy Twitter. However, he is putting a $44 billion offer on hold due to several unanswered questions. A legal aftermath follows. This is likely to continue.

A takeover bid with a volume of 44 billion dollars arouses desire even if it fails. The question of guilt is hotly debated. This also applies to the one lying on ice Twitter-Deal by Elon Musk. Opinions are required – and are delayed.

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According to insiders, a questioning of Musk and Twitter CEO Parag Agrawal has been postponed. The reason was apparently the lack of clarity as to why the statements by the two company leaders should be made under oath, according to people familiar with the matter.

Tesla-Green and billionaire Musk announced the takeover of Twitter in the spring. The price was $44 billion. In July, however, he had stated that he did not want to complete the purchase. Musk referred to false statements by the social network about so-called fake user accounts. Twitter then sued Musk.

Twitter stock faces crucial test

The share of Twitter is in a medium-term downtrend but has been able to recover since the summer, accompanied by a rising MACD (momentum). The 200-day line (red) has already been exceeded, and the stock is now approaching the important resistance at $45. The next support stands around $42 at the short-term uptrend line.


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