Twitter’s Stock Falls Further as Doubts Swirl Over Musk’s Takeover

Shares of Twitter fell greater than 7 % in early buying and selling on Monday, as buyers anticipated a doubtlessly drawn-out authorized battle between the social media firm and Elon Musk over his transfer to scrap a deal to purchase the corporate.

Mr. Musk reached an settlement to purchase Twitter for $44 billion about three months in the past. On Friday, after the market had closed, he tried to again out of the legally binding acquisition settlement, claiming that Twitter had not supplied the data essential to calculate the variety of spam accounts on the platform.

Twitter’s inventory has misplaced a 3rd of its worth since April 25, when Mr. Musk’s provide to purchase the corporate was accepted by the corporate’s board. Because the deal was signed, buyers have grown more and more skeptical that the acquisition by the mercurial billionaire would get accomplished on the agreed phrases. Twitter’s shares are buying and selling beneath the $54.20 value supplied by Mr. Musk, and properly bellow the highs it hit above $70 it hit final 12 months.

Mr. Musk has been sparring with Twitter executives for months over his request to acquire details about the way it detects and counts spam accounts on the platform. He has even expressed his displeasure on-line, going so far as to tweet a poop emoji at Parag Agrawal, the corporate’s chief government, in response to his tweet explaining how Twitter detects spam accounts. Specialists have mentioned Mr. Musk’s reasoning is just not legally sound and consider his deal with false accounts could also be a tactic to discount for a decrease buy value.

In Could, Mr. Musk mentioned shopping for Twitter at a cheaper price was “not out of the query” throughout a know-how convention in Miami. Bret Taylor, Twitter’s chairman, tweeted on Friday that the corporate’s board was decided to shut the deal “on the value and phrases agreed upon with Mr. Musk” and planning to take authorized motion in opposition to him.

On Election Day, G.O.P. Raise Doubts about Arizona Elections

Republican candidates and conservative media organizations seized on reviews of voting points in Arizona on Tuesday to re-up their case that the state’s elections are damaged and in want of reform, whilst state and county officers mentioned the complaints have been exaggerated.

“We’ve received irregularities everywhere in the state,” Mark Finchem, who received the Republican nomination for secretary of state in Arizona, mentioned earlier than his victory was introduced.

Gateway Pundit, a conservative web site that breathlessly lined the election rumors on Tuesday, wrote that Arizona’s largest counties have been apparently “rife with critical irregularities which have been occurring all day lengthy, sparking much more concern for election integrity.”

There is no such thing as a proof of any widespread fraud in Tuesday’s election. However the considerations raised have been bolstered by quite a few issues in Pinal County, the state’s third-most populated county, situated between Phoenix and Tucson. Greater than 63,000 ballots have been mailed with the mistaken native races on them, requiring new ballots to be issued. On election night time, at the least 20 of 95 precincts in Pinal County were running low on ballots or ran out entirely.

Sophia Solis, the deputy communications director of Arizona’s secretary of state, mentioned voters may nonetheless forged a poll at these precincts utilizing voting machines which can be sometimes utilized by disabled voters.

“We didn’t hear of any widespread issues,” Ms. Solis mentioned, including that “one of many important points that we did see yesterday was the unfold of mis- and disinformation.”

Kent Volkmer, the lawyer for Pinal County, mentioned there have been extra in-person voters within the county than had been seen earlier than, together with much more impartial voters. He added that many citizens surrendered their mail-in poll so they may vote in individual, probably motivated by the ballot-printing points.

“We don’t suppose that there’s almost as many individuals who have been negatively impacted as what’s being associated to the group,” Mr. Volkmer mentioned.

One widespread speaking level on Tuesday resurrected a false idea from 2020, generally known as Sharpiegate, which claimed that markers supplied by ballot employees have been bleeding by way of and invalidating ballots. Election officers have mentioned that machines can learn ballots marked with pens, markers and different devices, and any points will be reviewed manually.

“That is Sharpiegate 2.0,” Ben Berquam, a conservative commentator, mentioned on a livestream. Mr. Finchem shared the conspiracy idea on his Twitter account. The marketing campaign for Ron Watkins, a congressional candidate for Arizona’s Second District who got here in final place in his race on Tuesday, additionally recommended that Mr. Watkins’s votes have been being artificially slashed.

Many election fraud theories targeted on the governor’s major race between Kari Lake, the Trump-endorsed former information anchor, and Karrin Taylor Robson, who was endorsed by former Vice President Mike Pence. Ms. Lake was badly trailing her competitor for a lot of the night time, whipping up election fraud theories amongst her supporters. She finally took the lead.

Ms. Lake’s allies recommended throughout a livestream that the outcomes have been suspicious as a result of many different Trump-aligned candidates have been profitable their races. In Arizona, mail-in ballots acquired earlier than Election Day are counted first, and polling recommended these would barely favor Ms. Taylor Robson. In-person votes have been counted on election night time, and Ms. Lake’s supporters most well-liked voting in individual.

As counting continued late into the night time, Ms. Lake claimed victory whereas she was nonetheless trailing Ms. Taylor Robson.

“When the authorized votes are counted, we’re going to win,” Ms. Lake mentioned at her election night time celebration. The Related Press has not but known as the race.