Twitter stock

2022 - 4 - 25

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Image courtesy of "The Wall Street Journal"

Twitter Stock Advances on Possible Deal With Elon Musk (The Wall Street Journal)

Shares of the social-media company advanced in premarket trading, pointing to possible gains when the market opens and suggesting that shareholders are ...

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. Shares of the social-media company advanced 3.8% to $50.80 during late morning trading.

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Image courtesy of "The New York Times"

Twitter's Board Is Said to Seriously Consider Elon Musk's Bid (The New York Times)

Twitter's 11-member board met on Sunday morning to discuss Mr. Musk's offer to buy the company and take it private.

On Saturday, Mr. Musk took aim at the billionaire Bill Gates, saying that Mr. Gates had taken a “short” position on the stock of Tesla, which meant that Mr. Gates was betting the carmaker’s shares would fall. Last year, Mr. Musk had changed his title at Tesla from chief executive to technoking. Twitter also adopted a “poison pill,” a defensive maneuver that would prevent Mr. Musk from accumulating more of the company’s stock. Mr. Musk, 50, has made clear that he sees many deficiencies in Twitter as a social media service. When Mr. Musk briefly flirted with joining Twitter’s board this month, Mr. Dorsey tweeted, “I’m really happy Elon is joining the Twitter board! The discussions followed a Twitter board meeting on Sunday morning to discuss Mr. Musk’s offer, the people said. Twitter’s stock rose above $70 a share last year when the company announced goals to double its revenue, but has since fallen to around $48 as investors have questioned its ability to meet those targets. He said he would use another $21 billion in cash to buy the rest of Twitter’s equity. A Twitter spokesman declined to comment. But his proposal was quickly dismissed by Wall Street because it was unclear if he could come up with the money to do the deal. The two sides were discussing details including a timeline to close any potential deal and any fees that would be paid if an agreement were signed and then fell apart, they said. An agreement is not yet final and may still fall apart, but what had initially seemed to be a highly improbable deal appeared to be nearing an endgame.

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Image courtesy of "Newsweek"

Twitter Stock Surges as Elon Musk Takeover Appears Imminent (Newsweek)

Twitter shares have surged before the market has even opened, amid speculation billionaire Elon Musk could be successful in his bid to take over the ...

A poison pill allows companies to offer shares to existing shareholders at discounted prices, with Twitter bosses hoping the move would dilute Musk's shares and prevent him from increasing his stake in the company. Musk reportedly met privately with several shareholders on Friday to assuage any of their concerns about his proposal. Shares jumped about 5 percent to just over $51 in premarket trading, pointing to possible gains when the market opens later today.

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Image courtesy of "The Washington Post"

Twitter shares jump on reports a deal with Musk could come as soon ... (The Washington Post)

The company's board and the Tesla CEO are said to be hammering out the final details of his $54.20 a share bid.

But Musk’s financing plan and the board’s willingness to entertain “constructive conversation” makes a deal more likely, according to Angelo Zino, an analyst with CFRA Research. And internally, Twitter employees have raised concerns about Musk’s potential effect on the culture. Musk took a more than 9 percent stake in Twitter earlier this year, leading to two wild weeks of back-and-forth with the company. Twitter had seemed poised to reject the Tesla CEO’s unsolicited offer of $54.20 a share for the social media platform. The two sides were discussing such details as a timeline to close a potential deal and any fees that would be paid if such an agreement later fell apart, according to the report. Musk is worth about $259 billion according to the Bloomberg Billionaire’s Index, but much of his wealth is tied up in stock.

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Image courtesy of "CNBC"

Twitter shares jump 3% on reports it could accept Elon Musk's bid as ... (CNBC)

Twitter shares jumped on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Musk earlier this month offered to ...

Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. Musk, an avid Twitter user, has contended it needs to be " transformed" into a private company so it can become a forum for free speech. However, Twitter became more receptive to a bid after Musk revealed he secured $46.5 billion in financing. It's unclear what a final deal could look like, and Reuters reported Monday that an agreement could still fall apart. - Twitter's board met Sunday to discuss Musk's financing plan for his proposed bid. - Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion.

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Image courtesy of "NPR"

Twitter shares rise on reports sale to Elon Musk is imminent (NPR)

A sale would cap a dizzying saga for Twitter and Elon Musk, the world's richest man and a prolific user of the social media platform.

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Image courtesy of "Barron's"

Twitter Sale to Musk Is Another Sign the Stock Market Is in Trouble (Barron's)

Twitter (TWTR) is getting bought out by Elon Musk—and for a price that looks too low. It could be a sign that the problem is as much with the stock market ...

Over the weekend, Twitter (ticker: TWTR) and the CEO of Tesla (TSLA) met to discuss Musk’s recent offer to buy the company. Now the deal, which Twitter was expected to reject, is done. Twitter is getting bought out by Elon Musk—and for a price that looks too low.

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Image courtesy of "Forbes"

Twitter Stock Jumps Over 5% After Company Accepts Elon Musk's ... (Forbes)

The board appeared to be more receptive to Musk's acquisition offer in recent days, especially after the Tesla billionaire revealed in an SEC filing last week ...

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Image courtesy of "Reuters"

Twitter set to accept Musk's $43 billion offer (Reuters)

Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his "best and final" offer for the ...

"Our concerns are not new," said White House spokesperson Jen Psaki, adding that the platforms need to be held accountable. On the other hand, he said, "Tesla shareholders can’t be happy that Musk will have to divert even more attention away from winning the EV (electric vehicle) race." I don't care about the economics at all," he said in a recent public talk. "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a statement. read more Register now for FREE unlimited access to Reuters.com

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Image courtesy of "Barron's"

Twitter Stock Climbs After It Accepts Elon Musk's $44 Billion Deal (Barron's)

The social media company said on Monday it had accepted the Tesla chief executive's takeover bid.

Twitter has accepted billionaire Elon Musk’s $44 billion takeover bid, the company announced on Monday. Twitter Accepts Elon Musk’s $44 Billion Deal. The Stock Is Climbing. Musk will pay $54.20 a share for Twitter (ticker: TWTR) in cash, representing a 38% premium to the stock’s closing price on April 1, the day before Musk disclosed a 9% stake in the social media company.

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Image courtesy of "CNBC"

Elon Musk is buying Twitter: Here's how you can buy Twitter stock ... (CNBC)

Elon Musk will now be the sole owner of Twitter. Here's what you need to know if you currently have or want to buy shares of the social media giant.

Because if the company is taken private, you will be paid out for those equities, and you should plan strategically on what to do with those returns — including filling your emergency fund, paying off debt or investing in your retirement. “Depending on how long you’ve owned Twitter stock, you would be subject to short-term capital gains or long-term capital gains when the tender happens. Elon Musk being the sole owner of Twitter has been talked about for weeks, and it’s now official. “They can either take the tender offer...or if the privatization goes through, they’ll still be cashed out for the value of the shares at that time. Musk is paying $54.20 per share, meaning you’ll be given an offer of $2,710 for the 50 shares you own. - If the deal is done today, it doesn’t mean you can’t continue to buy and sell the stock. But even though the deal was struck today, you’ll still be able to buy or sell Twitter stock until the deal is closed. It’s free to open an account with brokerages like Fidelity, Robinhood or Vanguard, which let you buy and sell stock for free. Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, the widely-known S&P 500 index is made up of just over 500 companies, and Twitter is one of them. Musk has been very public about his discontent with Twitter’s board of directors and is adamant about changing the platform. This comes after weeks of back-and-forth as Musk purchased a large amount of the company’s stock and then forced the board to take the ‘ poison pill’ to avoid a hostile takeover.

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