Early Edition with Kate Hawkesby

Shares of Twitter slid more than 11% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.Twitter is now preparing to sue Musk in Delaware where the company is incorporated. While the outcome is uncertain, both sides are preparing for a long court battle.Musk alleged Friday that Twitter has failed to provide enough information about the number of fake accounts on its service. Twitter responded in a weekend letter disclosed Monday that his "purported termination is invalid and wrongful" and that the company has continued to provide the information he "reasonably requested."Twitter said last month that it was making available to Musk a " fire hose " of raw data on hundreds of millions of daily tweets.The company has said for years in regulatory filings that it believes about 5% of the accounts on the platform are fake. But on Monday Musk continued to taunt the