In the early morning of May 14, Beijing time, twitter fell 9.67% to $40.72 on Thursday, and Tesla rose more than 5%. Musk said on Friday that the twitter transaction was suspended, and then said that he was still committed to acquiring twitter.
Musk tweeted that the plan to acquire twitter will be put on hold until more details are disclosed that spam and false accounts account for less than 5% of the total number of users of the platform.
This tweet caused Twitter's share price to plummet by more than 20% before trading.