Twitter Finally Surrenders to Billionaire Elon Musk After Court Battle- Deal With He Will Go Through

Twitter Finally Surrenders to Billionaire Elon Musk After Court Battle- Deal With He Will Go Through
Social media giant Twitter has quietly made a move that indicates the company is confident Elon Musk’s bid to buy the platform will go through.

“Twitter Inc. froze the equity awards accounts for employees on Monday as the deadline to seal a deal with Elon Musk approaches,” Bloomberg Law reported. “The social media company updated its employee FAQ page this week to alert staff that they won’t be able to access or trade shares from the Equity Award Center. The page said the change was done ‘in anticipation of the closing of the pending acquisition of Twitter by an entity controlled by Elon Musk,’ according to two people familiar with the change. This freeze allows Schwab to perform the final reconciliation of employee accounts.”