The interest surrounding Musk’s deal to purchase the social media platform represents a thirty-eight percent increase in the stock’s price since Musk originallypurchased 9.2 percentof the company on April 1, 2022. In order for Musk to assume control of Twitter, not only will the stockholde...
Twitter's shares jumped more than 25% in price following Monday's news. 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...
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...
In April 2022, Musk offered to purchase Twitter outright in exchange for $44 billion in cash. That worked out to $54.20 per share, a significant premium over the stock’s price at the time. In other words, existing investors would receive a 38% higher cash payout if Musk’s offer went...
Tesla CEO Elon Musk declined to join Twitter's board of directors, the social media company's chief executive announced Sunday.
Twitter is preparing for a court battle over the ditched Elon Musk purchase deal. Twitter shares plunged Monday as Elon Musk issued a mocking, defiant commentary about a looming court battle after he ditched a $44 billion buyout of the social media giant. ...
Musk's abandonment of the deal and Twitter's promise to vigorously fight to complete it casts a pall of uncertainty over the company's future and its stock price during a time when worries about rising interest rates and a ...
Musk offered to buy Twitter on April 14 for $54.20 per share, roughly $10 over the stock's trading price at the time. Twitter shares have slid since then and are trading at around $38.00 per share as of Tuesday afternoon. To finance the acquisition, he has pledged some of his Tesla ...
Elon Musk recently purchased 9.2% of Twitter stock, according to a filing Monday, making him the largest shareholder in the company. News of the purchase sent shares of Twitter (TWTR) soaring 22% in early trading. Musk did not disclose what he paid for the shares, but his stake was wor...
The purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter. Bret Taylor, Twitter's Independent Board Chair, said, "The Twitter Board conducted a thoughtful and...