Twitter's share price rose 5.66 percent from 2.77 to end at 51.70. And Elon Musk agreed to get Twitter for about 44 billion.


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Twitter share price: Gauging impact of Elon Musk's takeover




Twitter shares made strong gains for the US stock Trading.

Stocks rose on news that the world's richest man, Elon Musk, has made a 44 billion deal to take over Twitter.

The Nasdaq ended strong on Monday , the Nasdaq closed sharply higher on Monday, with growth stocks posting a late-day rally after Twitter agreed to buy billionaire Musk.

In addition, the S & P 500, which traded in the negative range for much of the session, extended gains after Twitter's announcement.



TWITTER-ELON MUSK DEAL

Twitter share price: Gauging impact of Elon Musk's takeover


The company said Musk had agreed to acquire Twitter for  44 billion.

The CEO of Tesla , the richest man in the world, said he needed to buy Twitter because he believed it did not live up to its potential as a platform for "free speech".

 He says it should be changed for the private sector in order to build trust with users and do a better job of serving what he calls the "societal imperative" of free speech.