Elon Musk tries to back out of Twitter deal

Elon Musk's Twitter account
(Image credit: Photo Illustration by Onur Dogman/SOPA Images/LightRocket via Getty Images)

Elon Musk is trying to cancel his $44 billion deal to buy Twitter, according to a letter sent to the social media company on Musk's behalf on Friday.

Shares of Twitter dropped by around six percent after hours when news of Musk's intentions broke.

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Grayson Quay

Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-GazetteModern AgeThe American ConservativeThe Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.