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Twitter Wipes Out All Gains Since Elon Musk Disclosed His Stake

  • Deal spread on Musk’s offer widens to a fresh record
  • Stock falls 8.2% and finishes below April 1 closing price
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Musk Sows Doubt Over Twitter Deal
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Twitter Inc. shares fell again on Monday, wiping out all the gains the stock had made since Elon Musk disclosed his stake in the social media platform. 

Shares of the the San Francisco, California-based company fell 8.2% to $37.39, with the stock posting a seventh straight daily decline. It ended the session below the $39.31 closing price on April 1, the last trading session before Musk disclosed his 9% stake in the firm.