Twitter (TWTR) – Why Twitter Stock Is Soaring Today

Twitter (TWTR) – Why Twitter Stock Is Soaring Today

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Twitter Inc TWTR Stocks are trading higher on Wednesday after reports suggested a Delaware judge had been challenged Tesla Inc TSLA chairman Elon Musk’s Motion to postpone the Twitter trial.

according to a Reuters reportA judge ruled on Wednesday that Musk can use a whistleblower’s allegations in his lawsuit against Twitter, but he can’t delay the trial over his attempt to back out of the $44 billion deal.

“I am convinced that even a four-week delay would cause further damage to Twitter,” said Chancellor Kathleen McCormick of the Delaware Court of Chancery.

Musk’s legal team tried to delay the five-day trial Tuesday so Musk could examine allegations from the whistleblower Peter Zatko.

Related link: Twitter lawsuit: Musk’s legal team relies on whistleblower card to seek extension

A lawyer for Musk said in a statement after the ruling that Musk’s legal team “hopes that winning the amendment will bring us one step closer to the truth that is coming to light in this courtroom.”

TWTR Price Action: Twitter has a 52-week high of $54.57 and a 52-week low of $31.30.

The stock is up 5.33% at $40.71 at press time.

Photo: photo mix from Pixabay.


Read full story here https://www.benzinga.com/news/22/09/28780230/why-twitter-stock-is-rising-today

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