An Oklahoma public pension fund claims Musk’s delay in disclosing his ownership of more than 5% of the social media company artificially kept its share price down. The billionaire was able to acquire more than 9% of Twitter without triggering a major stock price hike, which eventually ...
Musk now controls nearly 73.5 million shares of the company, making him the largest shareholder, and individual stocks were priced at $49.81 on Monday morning. Musk's purchase comes roughly a week after the billionaire criticized Twitter for a lack of commitment to free speech. TES...
If Musk were to get his way of absolute free speech he would not be able to act in a fiduciary capacity as a board member, hence the reversal and now attempted takeover. Despite the initial increase in the stock price, Musk creates substantially more risk than reward as a significant stak...
Detroit— Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter.Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices rangi...
The Context Behind Elon Musk's Purchase Elon Musk boasts an impressive 80 million followers on Twitter. He has, however, a history of postingcontroversial tweetsthat have either raised the stock price of his company or, in one case,made a crypto coin fly to new heights. ...
Twitter said in an SEC filing on Tuesday that Tesla CEO Elon Musk has been buying shares on almost a daily basis since the end of January. The filing indicates he’s spent $2.64 billion on Twitter stock. The disclosure came in a 13D filing, confirming that Musk now has ...
Musk's goals as Twitter's new owner have been rumored for months and many users are hopeful he will make some changes, while others are upset by the change
The purchase price represents a 38% premium to Twitter's closing stock price on April 1, which was the last trading day before Musk disclosed he owned a 9% stake in the platform. "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate...
Musk’s purchase of Twitter stock has been received very positively by investors of the social media platform. On Monday’s premarket, Twitter sharessurged over 25%following news of the CEO’s stock purchase. Interestingly enough, Musk has posted somestern criticism of Twitterless than two weeks...
Musk was also quick to add the following reply to his own tweet: Little did most people know, the CEO had already come up with a plan to sell the stock prior to the survey. So, either he was very confident people would encourage him to sell – or at least support that fact that he...