Twitter turns positive on reports Musk, Agrawal depositions are postponed (updated)

Sep. 26, 2022 3:02 PM ETTwitter, Inc. (TWTR)By: Jason Aycock, SA News Editor44 Comments

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Dimitrios Kambouris

  • Twitter stock (NYSE:TWTR) made a sudden jump into positive ground Monday afternoon alongside word that purported company buyer Elon Musk is not sitting for deposition Monday, and Twitter CEO Parag Agrawal may not be either.
  • That's raising some loose chatter about a potential settlement that may be moving the stock.
  • It may be just a matter of timing: Chancellor Kathaleen McCormick is holding hearings scheduled for three hours Tuesday afternoon to settle a wide number of discovery issues in Twitter v. Musk et al.
  • In addition, Musk attorney Alex Spiro was reportedly deposed on Sunday and would likely take part in Musk's own deposition.
  • After about 45 minutes of sharply higher trading, Twitter stock (TWTR) gave up gains into the close to finish 6 cents lower than on Friday.

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