MoneyBusiness

Actions

Twitter locks its staff stock accounts ahead of impending deal, reports

Twitter reopening applications for people to apply for verified badge
Posted
and last updated

Staff at Twitter have reportedly been notified that they will not be able to access their shares or trade shares through the company's Equity Award Center as the final sale for the company is pending.

Bloomberg reported that Twitter Inc. froze equity award accounts for employees on Monday ahead of the deadline to close a deal to sell the company to Tesla founder Elon Musk.

Twitter updated its Frequently Asked Questions (FAQ) page with information regarding the move. The message said that freezing the accounts was performed "in anticipation of the closing of the pending acquisition of Twitter by an entity controlled by Elon Musk."

It appears to signal that Twitter leadership wants the deal to be carried out.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Thursday

05/01/2025

Partly Cloudy

86° / 61°

3%

Friday

05/02/2025

Sunny

89° / 60°

1%

Saturday

05/03/2025

Partly Cloudy

77° / 51°

8%

Sunday

05/04/2025

Mostly Cloudy

70° / 55°

6%

Monday

05/05/2025

Mostly Sunny

80° / 58°

2%

Tuesday

05/06/2025

Sunny

83° / 60°

0%

Wednesday

05/07/2025

Sunny

87° / 62°

0%

Thursday

05/08/2025

Sunny

89° / 64°

2%