Monday, April 25, 2022

nyse halts trading in twitter shares

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The New York Stock Exchange (NYSE) on Monday suspended trading in Twitter shares, following the company's announcement that U.S. billionaire Elon Musk had bought the company for $44 billion.

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At about 18:50 GMT, the New York Stock Exchange said trading on Twitter had stopped on the financial market pending an expected announcement.

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Twitter announced that the founder of Tesla bought the social media platform with a deal worth $44 billion.

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"Freedom of expression is the cornerstone of an effective democracy, and Twitter is the digital city arena where things vital to the future of humanity are discussed," Musk said in a joint statement with the company.

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Source: AFP