Twitter stock

Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc , a regulatory filing showed on Monday, potentially making him the ...

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. There was an error, please provide a valid email address. Twitter shares soared 26% in premarket trading after the filing, which comes close on the heels of Musk tweeting that he was giving “serious thought” to building a new social media platform.

Shares of Twitter Inc. rocketed toward a five-month high Monday, after it was disclosed that Technoking of Tesla Elon Musk had acquired a large stake in the ...

“Instead, it looks like Elon has his eyes laser set on Twitter,” and Ives expects Musk to start conversations with Twitter management that could lead to a more active stake “and a potential more aggressive ownership role of Twitter.” Musk’s investment comes as Twitter’s stock has started to recover recently after a tough 2021, relative to its peer group and the broader stock market. Wedbush analyst Dan Ives said it has been thought that given his “long-standing critical view of Twitter and social media platforms,” it was believed that Musk could look to build a competitor to Twitter and other social media platforms. “He will use his money, power and prestige to exact change at the company.” Think, People for the Ethical Treatment of Animals (PETA) buying stocks of companies they believe mistreat animals, so they can attend those companies’ annual meetings and submit shareholder resolutions. More recently, the SEC subpoenaed Musk and the electric vehicle market leader regarding oversight of Musk’s tweets, which Musk believes is “inequitable” and blocks his First Amendment rights. In a Schedule 13G filing with the Securities and Exchange Commission, which implies a passive stake, Tesla Inc. TSLA, The stock TWTR,

Tesla CEO Elon Musk has taken a big stake in the social media company Twitter, a regulatory filing released Monday showed.

Musk also reached a settlement with the SEC that removed him from the role of chairman at Tesla. Musk is a frequent user of Twitter and has more than 80 million followers on the platform. The purchase comes less than two weeks after Musk criticized the company, polling people on Twitter about whether it adheres to free speech principles.

Tesla boss Elon Musk revealed a 9.2 per cent stake in Twitter Inc. on Monday, prompting a massive run up in shares of the company that he is now the largest ...

No such deal was in the works, which is why securities regulators have tried to crack down on the billionaire ever since. Last month, Musk asked U. S. District Court Judge Alison Nathan to nullify the settlement agreement. News that Musk is now taking a stake in the company could bring similar headaches, especially if he tries to buy the whole company, or push for changes there. As part of that court battle, the SEC has revealed it is also probing a Musk tweet from last November in which he asked his followers if he should sell 10 per cent of his Tesla stock to pay his taxes. Musk's minority stake in Twitter is already raising questions about whether he will buy more of the company, or push for changes. Tesla boss Elon Musk revealed a 9.2 per cent stake in Twitter Inc. on Monday, prompting a massive run up in shares of the company that he is now the largest owner of.

Elon Musk has bought a 9.2% passive stake in Twitter, sending shares in the company soaring over 25%.

Musk replied, “Am giving serious thought to this.” While buying shares in an existing social media company and starting your own are two different things, Musk clearly has an interest in the business of social media. Musk just owns a bunch of shares in Twitter now; he’s not on its board, nor does he have any other position in the company. It’s when someone buys shares in a company and plans to hold onto them in the long term.

(The Hill) -- Twitter shares rose over 20 percent Monday morning on news that Tesla CEO Elon Musk acquired a 9.2 percent stake in the social media platform.

The catalyst that sent the social media stock higher was word that Tesla ( TSLA 4.03% ) CEO Elon Musk had taken a surprisingly large stake.

In the fourth quarter, Twitter reported revenue of $1.57 billion, up 22% year over year, while its monetizable daily active users (mDAU) increased just 13%. Do you believe Twitter rigorously adheres to this principle? While the company has been making some progress, challenges remain. ... The consequences of this poll will be important. Wedbush analyst Daniel Ives suggested this could be the start of "broader conversations with the Twitter board/management" and ultimately lead to a more active stake in plotting the company's future direction. Free speech is essential to a functioning democracy.

The Tesla chief snapped up 73 million shares weeks after questioning the social media platform's commitment to free speech.

“Defending against the SEC’s action through protracted litigation was not in the interests of the company and its shareholders. “Tesla was a less mature company and the SEC’s action stood to jeopardize the company’s financing,” Musk said in a recent legal filing. Though the shareholders did not win in their 2020 campaign to oust Dorsey, his surprise announcement that he was stepping down last December was viewed as a win for shareholders wanting to make Twitter a less chaotic place. Musk sold billions worth of Tesla shares in 2021, making much of his wealth — previously tied up in Tesla stock — liquid for the first time. Supporters of former president Donald Trump, who have attacked Twitter for permanently banning him and other allies, praised Musk on Monday, with some saying that he should force the company to reinstate Trump’s account. Some worried that the freewheeling Musk, who has promoted misinformation about the coronavirus and decried “censorship,” would push Twitter in a libertarian direction, away from blocking or restricting accounts that cause social harm.

Twitter shares are on track for their largest single-day gain on record, after the Tesla CEO disclosed a 9.2% stake in the social media company.

The stock (ticker: TWTR) rose 27% Monday, to $49.97, after the Tesla (TSLA) leader disclosed his Twitter stake. Elon Musk has said that Twitter should free up its speech regulations, but his Monday filing of a 9.2% stake has freed up shares of the social media platform. This copy is for your personal, non-commercial use only.

By Will Feuer Shares of Twitter Inc. jumped more than 25% after Tesla Chief Executive Elon Musk disclosed a 9.2% ownership stake in the social media company ...

Shares of Twitter jumped almost 26% to $49.50 a share in premarket trading Monday. Write to Will Feuer at Will. [email protected] In recent weeks, Mr. Musk has taken to Twitter to question the company's commitment to free speech and said he was considering starting a rival social media company of his own.

Tesla CEO Elon Musk's surprise stake in Twitter is just 'the first strike' to shake up the company, according to a Wall Street executive.

“Social media, he's not happy in terms of the Twitter platform.” “If there was a time to strike, this was it and I believe that Musk is going to ultimately force some significant changes at Twitter in the coming months.” Tesla CEO Elon Musk’s surprise stake in Twitter is just “the first strike” to shake up the company, according to a Wall Street executive.

Tesla CEO Elon Musk acquired a 9 percent stake in Twitter to become its largest shareholder at a time when he is questioning the social media platform's ...

The SEC also disclosed that it is investigating Musk’s Nov. 6, 2021 tweets that asked followers whether he should sell 10 percent of his Tesla stake. Musk’s revelation about his stake in Twitter shares comes two days after Tesla Inc. posted first-quarter delivery numbers. The funding was far from secured and the electric vehicle company remains public, but Tesla’s stock price jumped. Former President Donald Trump was banned from Twitter and other top social media platforms following the Jan. 6 Capitol riot last year that critics accused him of inciting. The SEC brought a securities fraud charge, alleging that Musk was manipulating the stock price with his posts. Musk could begin advocating for changes at Twitter immediately if he chooses. The ultimate aim of Musk’s 73.5 million share purchase, worth about $3 billion, is not known. It’s unclear just when Musk bought the stake. The SEC responded in a court motion, saying it has legal authority to subpoena Tesla and Musk about his tweets, and that Musk’s move to throw out the settlement is not valid. The purchase also comes as Musk is locked into a bitter dispute with the SEC over his ability to post on Twitter. His lawyer has contended in court motions that the SEC is infringing on the Tesla CEO’s First Amendment rights. Four strikes prompt a weeklong suspension. In March, Musk told his millions of followers on Twitter that he was ” giving serious thought ” to creating his own social media platform, and has clashed repeatedly with financial regulators about his use of Twitter.

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Tesla CEO Elon Musk's surprise stake in Twitter is just 'the first strike' to shake up the company, according to a Wall Street executive.

“Social media, he's not happy in terms of the Twitter platform.” “If there was a time to strike, this was it and I believe that Musk is going to ultimately force some significant changes at Twitter in the coming months.” Tesla CEO Elon Musk’s surprise stake in Twitter is just “the first strike” to shake up the company, according to a Wall Street executive.

Tesla CEO's 9.2% ownership in TWTR sends Twitter's stock surging but opens up a basket of questions about the social media platform's future.

The market, reacting with a combination of shock and elation, sent Twitter stock up 25% at the opening bell. Indeed, analysts' consensus recommendation stands at Hold, per S&P Global Market Intelligence – a rating that has been in place for more than a year-and-a-half. But it's safe to assume Twitter management can't be thrilled with the move – not after Musk has tweeted so much criticism of the company's policies and priorities.

Twitter CEO Parag Agrawal retweeted Musk and urged people to “vote carefully” as the consequences “will be important.” Musk posted the poll just hours after his ...

"Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," Musk tweeted March 26. On April 1, or April Fools' Day, Twitter tweeted a message through its official account saying that it was working on an "edit" button. The rise comes hot on the heels of Twitter's best day of trading since its IPO in 2013, with shares surging over 27% on Monday.

The social network's revenue increased sharply in Q4 -- and management expects more strong growth in 2022. An Elon Musk premium on the stock has made shares ...

But for now, investors may want to consider staying on the sidelines and hoping the Elon Musk premium on shares dissipates. While its rerated valuation post-Elon Musk investment doesn't seem wildly expensive, it does make the stock too pricey to call a buy at this level. Clearly, some investors believe that Elon Musk's interest in the tech stock is good news for its long-term potential. If Twitter's net profit margin expands to similar levels over time, and if revenue continues to grow rapidly, even a $41 billion market cap may represent a respectable entry point into the stock. Notably, however, the company's plans to reinvest in growth opportunities will likely prevent Twitter from actually achieving net income this high in 2022. Shares of social network platform Twitter ( TWTR ) exploded higher on Monday, rising about 30%. The big move came as Tesla ( TSLA ) and SpaceX founder Elon Musk revealed he had established a 9.2% stake in the company.

MKM Partners downgrades Twitter stock to Neutral from Buy, citing concerns over the platform's suspension in Russia.

Twitter stock surged 27% on Monday, and was poised to extend its gains on Tuesday, gaining 0.6% to $50.27 in premarket trading. Elon Musk Gives Twitter Its Best Day Ever. This Analyst Downgraded the Stock Anyway. Elon Musk Gives Twitter Its Best Day Ever. This Analyst Downgraded the Stock Anyway. This copy is for your personal, non-commercial use only. Elon Musk Gives Twitter Its Best Day Ever. This Analyst Downgraded the Stock Anyway. That, however, didn’t stop one analyst from downgrading the shares.

Twitter Inc. shares looked poised to continue their rally Tuesday after the company named Tesla Inc. chief Elon Musk to its board of directors.

Twitter added in its filing that “there are no arrangements or understandings between Mr. Musk, on the one hand, and the company or any other persons, on the other hand, pursuant to which Mr. Musk was selected as a director.” Following the announcement of Musk’s Twitter stake Monday, some analysts speculated that the Tesla TSLA, Also read: ‘Musk is never a passive participant’: Elon Musk is now Twitter’s largest single shareholder — and will join the board. Twitter noted that as part of Musk’s board involvement, he “will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the company’s common stock outstanding,” according to a filing with the Securities and Exchange Commission. That condition applies for as long as he is on the board, and for 90 days after that. This time he asked whether users wanted an edit button on Twitter. The company has long held off on introducing this much-requested feature. Will he be able to overhaul the platform? The announcement comes a day after disclosures revealed that Musk had taken a 9.2% stake in Twitter, making him the largest holder of Twitter’s common stock.