Twitter Reportedly Locks Employees’ Stock Accounts
The Twitter-Elon Musk buyout has new updates as the deal is anticipated to come to a final conclusion soon. In the most recent updates, the social media giant reportedly froze the equity award accounts of the employees on Monday. The move is in anticipation of the Elon Musk deal deadline inching closer. The decision by Twitter was announced in an updated FAQ employee page. The social media giant alerted the employees that they won’t be able to trade or access their shares from the Equity awards center. As per the details from people who are familiar with the matter, the move was made “in anticipation of the closing of the pending acquisition of Twitter by an entity controlled by Elon Musk .” JUST IN: Twitter , $ TWTR locks employees' stock accounts in anticipation of Elon Musk 's $44 billion buyout deal. — Watcher.Guru (@WatcherGuru) October 18, 2022 Twitter-Elon Musk deal to finalize soon The updated FAQ section states that this freeze wi...