Twitter shares decline due to inspections of Musk's operationsStock market analytics, financial forecasts
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Twitter shares decline due to inspections of Musk's operations


October, 21 2022
watermark Economic news

Twitter shares are showing a sharp decline after reports that the US administration is considering checking some of Elon Musk's transactions and businesses for threats to national security. The value of the company's securities decreased by 16% at the moment, falling below $45. The current value of the stock is $50.54. 


It is noted that the checks may relate to the purchase of the social network Twitter and the manufacturer of space technology SpaceX. 


In particular, the Committee on Foreign Investment in the United States (CFIUS) may review Musk's transactions and operations for national security risks. This committee reviews transactions for the acquisition of American enterprises by foreign buyers, including already completed transactions.


Elon Musk's purchase of Twitter for $44 billion is also suitable for verification, since foreign investors will participate in Musk's consortium. The group of investors includes Prince Al-Waleed bin Talal of Saudi Arabia, Binance Holdings (a digital asset exchange founded and managed by a native of China), as well as Qatar's sovereign wealth fund.


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