Twitter Inc Twtr Stock Price & News
In recent years, Twitter has come under criticism for spreading disinformation and blocking certain individuals and organizations from using its platform. Both The New York Times and The Wall Street Journal are reporting today that Twitter’s board https://www.bankofamerica.com/ met on Sunday, April 24, to discuss Musk’s bid to acquire the company and take it private. Finally, in September 2013 Twitter announced it had filed its confidential S-1 with the Securities and Exchange Commission for an Initial Public Offering.
- In recent years, Twitter has come under criticism for spreading disinformation and blocking certain individuals and organizations from using its platform.
- Twitter has accepted billionaire Elon Musk’s $44 billion takeover bid, the company announced on Monday.
- By March of 2006, the gang had a prototype running on an IBM Thinkpad and Verizon wireless card.
- The fact that Twitter’s board is now considering accepting Musk’s takeover offer is good news for the stock.
- However, while Twitter’s board might now be reconsidering Musk’s offer, other media reports say that the board members continue to look for other suitors.
Twitter began trading as $TWTR on the New York Stock Exchange on November 7, 2013 at $26.00 per share. By the end of its first trading session price had rallied 73% to $44.90, bringing Twitter’s market value to near $31 billion — three times its $10.5 billion valuation in May of that year.
Twitter Stock Snapshot
The billionaire Elon Musk bought 9% of Twitter, an investment of USD 3 billion. The board meeting was called twtr stock after Musk disclosed late last week that he has secured $46.5 billion in financing to buy Twitter outright.
A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The stock has moved higher today after a stream or reports that made a Monday announcement of a buyout increasingly likely. Dow Jones reported a deal coming together around a $44 billion valuation. Twitter said the board has agreed to the deal, valuing the company at https://dotbig.com/markets/stocks/TWTR/ about $44 billion. Elon Musk has said repeatedly in recent weeks that his offer to acquire Twitter is his best and final offer. There have been no reports that he has changed his initial bid of $54.20 a share or agreed to concessions. Musk’s purchase of Twitter would represent a major sea change among social media companies and could lead to significant changes at Twitter.
Net money flow is the value of uptick trades minus the value of downtick trades. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent https://dotbig.com/markets/stocks/TWTR/ report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. The company’s board met Sunday to discuss Musk’s financing plan for his proposed bid, a source close to the situation told CNBC.
The board negotiated with Musk into the early hours of Monday, according to The New York Times. twitter stock price today The drama surrounding Twitter looks likely to continue for a few days more, at least.
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Sign Up NowGet this delivered to your inbox, and more info about our products and services. "Locking a deal up today or tomorrow may sound pretty appealing for someone who knows they are in possession of bad news," Gordon Haskett said in a Monday note. Only two years into running the company, Dorsey was fired by the board, which cited a lack of communication to investors and DotBig overspending. But then Apple announced iTunes would include its own podcasting platform built into the product. Odeo, and its 14 employees, scrambled to pivot the small company into something different. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
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The company could provide an update on the entire situation when its reports first-quarter earnings this on April 28, if not sooner. The Wall Street Journal reported over the weekend that Twitter executives are re-examining Musk’s bid and are more likely https://dotbig.com/ than before to negotiate with the billionaire. The board had previously rebuffed Musk’s takeover bid and adopted a so-called “poison pill” strategy where they would dilute the company’s share count to prevent Musk from acquiring a majority of the stock.