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BREAKING NEWS UPDATE

UPDATE: Elon Musk Fires CEO, CFO and Head of Legal at Twitter – Twitter Stocks Suspended From Trading on NYSE as Elon Musk’s Takeover Finalizes

UPDATE 6:29 pm 10/27/22: Elon Musk has fired Vijaya Gadde, Head of Legal Affairs, who banned former President Donald J. Trump from Twitter.

So far, Musk has fired the CEO, CFO, and now head of legal of Twitter.

The original story below 6 pm PST – 10/27/22:

As Elon Musk comes takes the reins of the company, Twitter shares are suspended from trading on the New York Stock Exchange.

Musk visited the Twitter headquarters in San Francisco this week while carrying a sink (to “let that sink in”) and updated his Twitter bio to read “Chief Twit.”

He also sent out a letter to Twitter advertisers explaining that his reason for closing the deal was a desire to “help humanity.”

And now, the final sign that the deal is closed, Twitter stocks are on pause.

Twitter shares were up about 1% at $53.94 in early trading Thursday, which is a nearly 65% surge from a four-month low that was marked in July.



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