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Social Media News and Trends

Elon Musk ‘Should Own Twitter by Next Week’

David Bridges
Social Media
October 6, 2022

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Twitter

stock dipped a bit on Wednesday as Wall Street eagerly awaited an update on the social-media firm’s talks with Elon Musk about his proposal to move forward with his $44 billion acquisition.

With Musk once again willing to purchase

Twitter

(ticker: TWTR) for $54.20 a share rather than try his luck in court, lawyers for

Tesla

(TSLA) CEO and Twitter’s lawyers will need to hash out what that means for their legal battle. The Wall Street Journal, citing a person familiar with the matter, reported both sides were continuing talks about closing the deal on Wednesday. The report added that the sides hoped to have an agreement soon.