August 18, 2022

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Elon Musk, the world’s richest man, has put his purchase of Twitter on hold, albeit temporarily.

The Tesla CEO turned to Twitter early Friday, May 13 to announce that his $44 billion purchase of the social media network has been put on hold.

The early morning tweet sent Twitter stock tumbling about 23% in pre-market trading while shares of Musk’s Tesla Inc. climbed about 5%.

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