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The Wall Street Journal

Twitter Stock Falls After Elon Musk Says Deal Is ‘On Hold’

Shares of Twitter shed $4.36, or 9.7%, to $40.72, its the lowest level since April 1, just before Mr. Musk disclosed a surprise 9% stake in the company. Mr. Musk, the chief executive of Tesla Inc , last month struck a deal to buy Twitter and take it private, capping a topsy-turvy month for the social-media company and its stock, which has fallen 17% so far this month. Twitter shares fell as much as 26% in premarket trading Friday, to $33.51, according to Dow Jones Market Data.