Twitter stock

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.

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.

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.

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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Barron's was told by a person familiar with the matter that Elon Musk's deal for the social media company could be announced Monday.

Twitter accepted billionaire Elon Musk’s $44 billion takeover bid. Twitter Accepts Elon Musk’s $44 Billion Deal Upon completion of the transaction, Twitter will become a privately held company.

Workers say they have been left largely in the dark about what a sale to the billionaire would mean for them and their shares in the company.

The stress at the mention of Mr. Musk is a stark contrast to the welcome he enjoyed from employees two years ago. But other employees have argued in internal messages seen by The Times that their co-workers have shifted too far to the left side of the political spectrum, making employees who support Mr. Musk’s plans too uncomfortable to speak up. Mr. Musk, after all, fought with officials in California to keep his car factory open early in the pandemic. Employees said they feared missing out on the long-term value of their stock at Mr. Musk’s price of $54.20 per share. “This is meant to provide some peace of mind and explain how these things typically work, not because we believe there will be one outcome versus another,” he wrote in messages to employees reviewed by The Times. As the takeover fight played out over the last two weeks, Twitter employees said they were frustrated that they had heard little from management about what it meant for them, even as Twitter closed in on a deal with Mr. Musk on Monday morning. Twitter’s recruiting problem could balloon further if current employees quit, as some have warned they would do if Mr. Musk took over. One of the top concerns among Twitter workers is whether they will take a financial hit from Mr. Musk’s acquisition. They see Mr. Musk’s proposal to revert to Twitter’s early, lax approach as a rebuke of their work. After years of leadership squabbles, demands for change from activist investors and the boundary-testing tweets of former President Donald J. Trump, Twitter’s more than 7,000 employees are accustomed to turmoil. As the board of directors confers with bankers, lawyers and expensive public relations firms, employees are often kept in the dark. Employees said they had largely stopped celebrating the richest man in the world since he declared his intent this month to buy Twitter, scrap its content moderation policies and transform the publicly traded company into a private one.

Twitter is reportedly close to a deal to sell the company to Tesla founder and billionaire Elon Musk.

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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.

Full coverage of Twitter's deal to sell itself to Elon Musk. Apr 25, 2022 at 4:01 pm ET. Share.

DWAC, a special-purpose acquisition company, or SPAC, said in October that it was merging with Mr. Trump’s company. Shares of DWAC fell $6.25 to $34.75 Monday afternoon. The moves restricted Mr. Trump’s ability to communicate with supporters, effectively wiping out a direct line to his 35 million Facebook followers and 88 million Twitter followers. Assuming there isn’t a last-minute snag, the deal is expected to be announced after the market closes Monday, if not sooner. Two months later, DWAC disclosed in a regulatory filing that the U.S. Securities and Exchange Commission was investigating the deal. Traders have struggled to place a consistent value on Mr. Trump’s social-media venture.

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.

Musk cites interest in 'free speech' and 'defeating the spam bots' after reaching agreement with Twitter's board. MarketWatch photo illustration/Getty ...

“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. When Musk first disclosed his stake in Twitter, he did so on a form intended for those who planned to be passive investors, not those who were looking to seek change at a company. “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 the release announcing the deal. He has also floated the possibility of doing more with subscriptions. The takeout price is roughly 38% ahead of Twitter’s TWTR,close on April 1, prior to when Musk disclosed he had taken an approximately 9% stake in the company. Musk said late last week that he had lined up deal funding, including $25.5 billion of debt commitments from Morgan Stanley and other financial institutions.

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 ...

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.

Tesla investors are concerned about the implications of Musk's $44 billion takeover of Twitter.

Last week, Tesla shares jumped 5% to $1,026.88 after the company reported better-than-expected quarterly earnings. Tesla shares then recovered to $998.02 at end-of-day trading, representing a nearly 1% dip for the day. Tesla shares plummeted over 2% on Monday afternoon shortly after the company’s CEO, Elon Musk, reached a deal to acquire

The Twitter logo is displayed on a smartphone screen on April 14, 2021. NurPhoto | NurPhoto | Getty Images. Check out the companies making headlines in midday ...

GoDaddy — The stock ticked 4.5% higher after Piper Sandler upgraded the company to overweight from neutral, calling it a top defensive idea. Deere — Shares tumbled 4.5% after Bank of America downgraded the stock to neutral from buy. Verizon — The stock fell nearly 3.1% after Goldman Sachs downgraded Verizon to neutral from buy on valuation, following a big subscriber loss for the telecom giant. Activision Blizzard — The videogame publisher's stock moved 0.7% lower after missing analyst estimates in the first quarter. Snowflake — Shares surged 7.6% after Wolfe Research initiated coverage of the cloud data company with an outperform rating. Shares of Chevron and Exxon Mobil fell 2.2% and 3.4%, respectively.

Analysis: From founder Jack Dorsey to dotcom pioneer Martha Lane Fox … the big players in line for big payouts.

In 2021 they bought 2.2m shares at an average price of $31, for example, which would be worth a $50m profit at Musk’s offer price. Nonetheless, many now fear Musk’s acquisition will mean missing out on the long-term value of stock they hold. Twitter’s employees have benefited from a generous share scheme, introduced in 2013, taking as much as 50% of their earnings in stock options. Those securities would be worth over $2.2bn at Musk’s price. Other board members hold shares too, and would collect smaller amounts. Dorsey, who stepped down as chief executive last year after pressure from activist investor Elliott Management, still owns 18m shares, or almost 2.4% of its stock, worth $978m at Musk’s agreed offer of $54.20.

Twitter is reportedly set to accept billionaire Elon Musk's offer to purchase every share of the social media giant for about $43 billion.

Musk says he wants to be more judicious and lenient when it comes to deleting tweets and permanently banning users. The billionaire has been a vocal critic of Twitter's perceived flaws when it comes to free speech. Twitter needs to be transformed as a private company. You know, timeouts I think are better than sort of permanent bans. “However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk said in a SEC regulatory filing.

Tesla shares dropped 12.2%, wiping out more than $125 billion off its market value, over worries about how it would be impacted as Elon Musk looks to ...

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Twitter investors are showing some concern about Musk's ability to finance his $44 billion deal, with Tesla stock tumbling.

Twitter stock now offers a 9% return to Elon Musk’s takeover price following the drop in the shares Tuesday. Twitter Stock Offers 9% Return to Musk’s Takeover Price After Tuesday’s Selloff Shares of Twitter (ticker: TWTR) fell $2.02, or 3.9%, to $49.68 Tuesday, meaning investors stand to make about 9%, assuming Musk completes the deal to buy the company for $54.20 a share, or $44 billion.

Tesla shares fell 12%. Roughly $60 billion of Elon Musk's Tesla stock is collateral for bank loans to fund his deal.

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Tesla shareholders are worried the distracted CEO, who already runs two companies, will have to dump stock to finance his shiny new toy.

So the questions that spooked investors appear to be asking themselves is: When will Musk start dumping Tesla shares to raise the cash to buy Twitter? And how many shares will he flood the market with? He did not comment to Forbes. But, in a tweet on Tuesday, he seemed to place the blame for the dropping stock prices elsewhere: “The extreme antibody reaction from those who fear free speech says it all.” Prior to pursuing Twitter, Musk had already pledged more than half his 21% Tesla stake as collateral for other loans. As part of the $46.5 billion financing package Musk revealed Monday, he will pledge $62.5 billion worth of his Tesla stock to secure a $12.5 billion margin loan. In the aftermath of Elon Musk winning approval from Twitter’s board to buy the social media company for $44 billion, Tesla shareholders are running for the hills. Musk is still the world’s richest person by a mile–currently worth an estimated $239.2 billion, some $74 billion more than No. 2., Jeff Bezos, according to Forbes’ real-time tracker.

The Twitter purchase led to investor fears about how much of his own wealth Musk was leveraging to buy the company.

The Twitter purchase was expected to add to the share he was willing to risk. And Tesla has warned about the consequences of all that collateral to its stock. At points last year, Musk had put more than half of his Tesla shares down as collateral, according to financial filings.

Assuming the deal closes, Musk would be in charge of Tesla, Twitter and SpaceX.

Assuming the deal closes, Musk would be in charge of Tesla, Twitter and SpaceX. He also owns two smaller ventures, the Boring Company and Neuralink. Tesla has also been exporting cars from China to the broader Asian and European markets. Those cars delivered in Q1 generally carried pricing set in prior quarters, and at levels lower than cars being ordered today," CFO Zach Kirkhorn said on the company's earnings call. Tesla generated around $4.65 billion in China in the first quarter of 2022. The Chinese market now accounts for 24.8% of Tesla revenue. Musk has secured $25.5 billion of fully committed debt, including $12.5 billion in loans against his Tesla stock.

"Tesla shareholders can't be happy" about the Twitter deal potentially diverting Elon Musk's attention, one analyst says.

The stock tumbled as much as 26% as Musk sold off shares in the following weeks but recouped nearly all the losses after the billionaire declared he was "almost done" with the sales in late December. However, the broader market has largely struggled since then as the Fed raises rates and unwinds economic support to ease decades-high inflation. Shares of Tesla have racked up big losses since Musk suggested he would sell about 10% of his stake in November, sparking concerns among investors about how share prices would hold up amid the massive liquidation. "We see no risk from this Twitter situation impacting shares of Tesla or Musk's focus."