Twitter Drops 6% on Hacking Scandal

From orbex.com

Following a 1.5% rally yesterday, Twitter stock prices are down over 6% pre-market on Thursday. Traders are digesting the news of a recent hacking scandal that has shaken confidence in the tech firm. It was reported yesterday that accounts of leading figures and businesses had been hacked. Accounts hacked included Barack Obama, Joe Biden, Elon Musk, Bill Gates, Kanye West, Michael Bloomberg, and Apple. As part of the hacking, illicit users were promoting a bitcoin scam. The scam illegally procured over $120k in funds to a digital wallet which was listed in the tweets. In light of the incident, Twitter announced that ... (full story)