Shares of Twitter leapt in morning trading Wednesday, after The Wall Street Journal reported that a judge ruled that Elon Musk can amend his countersuit against $TWTR he's agreed to buy for $44 billion to include a whistleblower report:
Shares of Twitter Inc.
leapt 4.2% in morning trading Wednesday, after The Wall Street Journal reported that a judged ruled that Elon Musk can amend his countersuit against the social media company he's agreed to buy for $44 billion to include a whistleblower report, but denied Musk's request to postpone the trial to November. The judge said the Twitter-versus-Musk trial will still start on Oct. 17, the WSJ report said. Last week, Musk, the chief executive of Tesla Inc.
notified Twitter that he was terminating the merger deal, because of the whistleblower report published last month by the Washington Post, which was for a different reason than the termination letter delivered in July. Twitter's stock has lost 6.8% over the past three months, while Tesla shares, which rose 1.5% on Wednesday, have tumbled 20.9% the past three months and the S&P 500 SPX, +0.61% has declined 5.9%.
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