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Twitter's stock has fallen so much that Elon Musk's $1.1 billion profit is now a $40 million loss

1 month ago   |   By Business Insider

Twitter has fallen over 30% since Elon Musk agreed to buy the social media company in late April. Maja Hitij/Getty Images
Social media stocks are reeling after Snap said it would miss its revenue targets and the broader tech sector has buckled.
Twitter's stock fell 5.5% Tuesday, dropping below Elon Musk's average purchase price.
Musk's potential $1.1 billion profit has become a $40 million loss in just four weeks.
Elon Musk has seen potential gains of $1.1 billion wiped out over the past four weeks as Twitter 's stock has plummeted. Musk began snapping up shares in the social media company...
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