Elon Musk Strikes Again!? (TWTR) Twitter Shares Tumble On Monday | Rebecca Duthie

RBA Governor Announces Major Changes at RBA Board as US Inflation Expected to Decline

Summary:

  • Elon Musk's letter to Twitter executives.
  • TWTR Share price fall.

Read next: Euro Enters The Week Strong As The Market Awaits ECB Announcements Due Later This Week (EUR/USD, EUR/GBP, EUR/CHF), Focus On The RBA Announcement On Tuesday (GBP/AUD) 

Musk requests more data regarding fake Twitter accounts.

Musk claims that Twitter is blatantly refusing to comply with the merger agreement terms. Twitter's share price sank on Monday in the wake of Tesla CEO Elon Musk doubling-down on challenging Twitter to prove its data on fake accounts and spam.

On Monday a Securities Exchange Commission (SEC) meeting was made public whereby Elon Musk indicated he sent a letter to the Twitter Executives in an attempt to gain more information regarding its methods of calculating that the company had 5% fake accounts. Immediately after the publication of this letter, TWTR share price fell 3.6%.

(TWTR) Twitter Shares Tumble On Monday - 1 TWTR Share Price

Sources: finance.yahoo.com, thestreet.com

RBA Governor Announces Major Changes at RBA Board as US Inflation Expected to Decline

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.