A letter sent to Securities and Exchange Commission by Twitter said that Twitter had stuck to their part of the deal and Musk s purported termination is invalid and wrongful .
The loss sets the pace for Twitter s biggest drop in months, as trading begins again Monday and investors gear up for an inevitable legal battle between Musk and the social medial giant.
Neon Nettle - Elon Musk Shreds Twitter with Memes Mocking Lawsuit Plans - Tesla CEO notes Twitter would be forced to disclose fake account data in court
Elon Musk has finally broken his silence after announcing that he intends to walk away from his $44 billion acquisition of Twitter, in the form of two memes.
Elon Musk, 51, sent a letter to Twitter on Friday saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total.