Early Monday, Musk tweeted four pictures of him laughing next to captions that said, “They said I couldn’t buy Twitter. Then they wouldn’t reveal information about the bot. Now they want to force me to buy Twitter in court. Now it’s over.” They were soon followed by a picture of actor Chuck Norris playing chess with only one pawn on his side of the board, and a full set of pieces on the other side, with Musk tweeting, “Chuckmate.” revealed Friday afternoon that he was withdrawing from his deal to buy Twitter, citing a lack of information on the number of Twitter users made up of robots. His lawyer said he put Twitter “in material breach of multiple provisions” of the original agreement.
Twitter responded by saying it would “take legal action to enforce the merger agreement.”
Investors on Twitter (TWTR) don’t laugh. Shares of the social media platform fell 5% in early pre-market trading on Monday. Shares were already well below the $ 54.20 per share purchase price agreed in April, closing at $ 36.81 on Friday. But other technology stocks have also come down a lot since April, including shares of Tesla (TSLA), the main source for world leader Musk. equity. Shares of Tesla have fallen 31% since Musk’s initial stakes on Twitter were revealed in April. Tesla shares rose 1% in pre-market trading.