Twitter stock

Elon Musk's attempt to scrap his purchase of Twitter Inc may leave the world's wealthiest person in a stronger financial position than before he unveiled ...

Twitter's stock tumbled 9.5% to $33.50 on Monday. At that price, the value of his Twitter stake has fallen by about $200 million. Musk receives no salary from Tesla, instead earning billions of dollars worth of stock options after hitting several stock and performance targets in recent years. If Musk had not sold those Tesla shares, they would now be worth almost $1.6 billion less. But while CEO stock sales normally make investors nervous, the Twitter deal provided a reasonable explanation for Musk to reduce his massive stake in Tesla. In the last week of April, Musk sold 9.6 million Tesla shares at an average price of around $885 per share. Register now for FREE unlimited access to Reuters.com

Twitter shares fell on Monday after Elon Musk, the mercurial chief executive officer of Tesla, Inc. (TSLA), announced that he was trying to terminate his ...

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Unless Twitter's board can reach a settlement with Elon Musk, the stock seems likely to head substantially lower from here.

On Friday afternoon, the Tesla (TSLA -6.55%) CEO disclosed in a regulatory filing that he aimed to withdraw from the arrangement, and investors promptly traded ...

It's understandable that investors bailed from the stock on Monday. Tech stocks have been out of favor with investors lately, and Musk's attempted retreat isn't helping boost sentiment on Twitter. While many correctly speculated that the mercurial Tesla leader wouldn't go through with his $44 billion play for the micro-messaging company, others clearly believed in it. So what

Shares of Twitter were down 5.3% in pre-market trading on July 11, following Elon Musk's termination of the $44 billion deal late Friday, July 8.

In June, in compliance with Elon Musk’s most recent demands, Twitter said it would reportedly provide him access to the social media platform’s full set of internal data. We see no other bidders emerging at this time while legal proceedings play out in the courts,” Ives wrote in the note sent to GOBankingRates. “This morning Twitter begins Day 1 as a public company post Musk formally terminating the acquisition on Friday night,” Wedbush Securities analyst Dan Ives wrote in a July 11 note.

The social media platform's stock fell 11.3 percent as the broader market ended the trading session in the red.

This week, the Bureau of Labor Statistics will release inflation data for June. In May, the consumer price index rose 8.6 percent, a 40-year high. Changing monetary policy has fueled much of those declines this year: The Federal Reserve has raised its benchmark interest rate three times in 2022 in an attempt to tamp down inflation and signaled that four more increases are on the docket. Twitter has retained a prominent New York law firm to help it complete the sale. Experts say the amounts they have in reserve — the amount of cash they hold to meet central bank requirements — matters because it shows their level of concern about a recession. “It puts the Twitter board in a tough position,” said David Larcker, a professor at Stanford’s graduate school of business who studies corporate governance. In the months that followed, Musk has regularly criticized Twitter on its own platform.

By the numbers: Twitter shares plunged by over 11% to $32.65 on Monday, a 2-year low. The stock is now worth about 38% less than the price at which Musk agreed ...

Twitter fracas has hurt almost everyone in its proximity, no matter how a Delaware judge may rule or if the two sides settle out of court. The Elon Musk vs. What we're watching: Whether Musk and Twitter strike a merger deal at a lower price.

On July 11, Twitter (TWTR) shares fell more than 11%, extending their decline that began July 8 after Elon Musk changed his mind on buying the social media ...

In addition to the fear of a recession that has rattled markets across the board, the buyout debacle has added another dose of uncertainty for Twitter investors. Although Musk and Twitter are girding to fight it out in court, they may eventually decide to settle out of court to avoid a potentially lengthy, costly, and messy showdown. While Twitter insists that fewer than 5% of its accounts may be fake, Musk has argued that at least 20% of the accounts are bogus. After more than a week’s break from social media, Musk resurfaced on Twitter with a photo of him and his kids with the pope. Now they want to force me to buy Twitter in court. The stock dropped further after Musk mocked Twitter’s threat to force him to complete the deal.

Elon Musk's bid to buy the company out was the most exciting thing to happen to Twitter in 2022 so far. Now that the deal has gone sour, all that remains is ...

All in all, caution is advised as chaos and confusion are likely to persist for a while, so Twitter shares could easily lose more value in the coming months. First of all, Twitter is in the midst of a difficult transition as Parag Agrawal has taken over the company’s CEO position from Jack Dorsey, who was effectively the face of Twitter for years. Amid this challenging backdrop, Twitter recently disclosed that the company is laying off 30% of its talent-acquisition team. Even before all of the Musk-related drama came to a head, Twitter stock was in bad shape. What’s left for them is a company and a stock that shouldn’t inspire much confidence in 2022’s second half. Earnings season is kicking off this week, and Twitter will be among the big tech names to report later this month.

Shares of Twitter Inc. bounced Tuesday, but stayed below where Elon Musk purchased his 73.1 million share stake earlier this year.

At the day’s closing price of $51.70, Musk’s Twitter stake was worth $1.14 billion more than what he paid for it. And Twitter hasn’t show any sign that it will accept Musk’s termination of the deal. That’s a far cry from what he was making on this stake as of April 25, was the day Twitter agreed to be acquired by Musk for $54.20 a share. Based on a MarketWatch calculation of the disclosed data, Musk bought his 73,115,038 Twitter shares at a weighted-average price of $36.157. With the stock trading $2.097, or 5.8%, below that price, Musk would be losing about $153.32 million on his Twitter stake. Shares of Twitter Inc. bounced Tuesday, but stayed below where Elon Musk purchased his 73.1 million share stake earlier this year.

One of the more dramatic stories of 2022 is closing -- Elon Musk is terminating his deal to buy Twitter (TWTR 2.97%). News of this sent Twitter's stock ...

Twitter's management isn't just going to let a $54.20 per share offer walk away (especially when there's a $1 billion breakup fee Musk is claiming he wouldn't need to pay). It responded by issuing a letter that claimed Twitter had not violated any of the obligations under its agreement. If management can't provide a suitor the data he needs to close a deal, what makes prospective customers believe the 5% spam account figure is accurate? As an investor, I don't have a lot of faith in management. This battle would incur significant legal fees and consumer time from Musk and Twitter executives. The biggest sticking point for the deal was Twitter's refusal to provide complete data on fake or spam bots. This mistake instills less confidence in management's ability to report mDAUs accurately.