Twitter has locked the stock accounts of its staff due to the progress of the deal with Elon Musk.
The social media giant has updated its FAQ page to let them know that its employees will not be able to access the Equity Award Center.
Twitter Locks Staff Accounts
Twitter has locked its employees’ stock accounts in anticipation of a $44 billion deal with Elon Musk.
A company spokesperson declined to comment on the matter.
This move by the social media giant is seen as an important sign that the deal is moving forward. Twitter shares rose 1.9% after the news.
The deal between Elon Musk and Twitter is expected to be completed on October 28.
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