The Biggest Loser of Musk’s Broken Twitter Deal Could Be Elon Musk

The Biggest Loser of Elon Musk’s Broken Twitter Deal Could Be Elon Musk

Elon Musk's one-sided termination of his $44 billion acquisition of Twitter has sent the social media company's stock plummeting.

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Now faced with legal action taken by Twitter's board seeking to enforce the merger agreement, the world's richest person

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will be put in an awkward position fighting a company of which he is the largest individual shareholder in court.

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Twitter's share price is down more than 8 percent on the first trading day after Musk called off the deal on July 8.

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Twitter stock closed at $32.64 today (July 11), which would translate into a net loss of $255 million

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on the 73 million Twitter shares Musk owns.

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He can also comfortably afford a $1 billion breakup fee if he is found in breach of the merger agreement with Twitter.

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