
Twitter Inc. (NYSE:TWTR) is on track to closing August on the red as billionaire Elon Musk finds new reasons to back out of his $44 billion deal to take over the social media company.
The company closed Aug. 30 just below $40.00. Over the last 30 days, the company peaked at $44.99, much lower than Musk's $54.20 per-share offer.