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Elon Musk Ends Twitter Takeover, Drags Down Social Media ETFs

By: ETF Trends

July 11, 2022 at 17:07 PM EDT

Twitter Inc. (NasdaqGS: TWTR) shares plunged Monday, dragging down social media-related exchange traded funds after Elon Musk ended his takeover bid for the platform. On Monday, the Invesco Dynamic Media ETF (PBS) fell 3.1% and the Global X Social Media ETF (SOCL) declined 5.0%. Meanwhile, Twitter...

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Elon Musk Ends Twitter Takeover, Drags Down Social Media ETFs