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Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...
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. See: Twitter Shares Tumble as Their 'Fire Hose ...
The lawsuit from the SEC against Musk is essentially about him not disclosing his purchase of a large portion of Twitter’s stock in the months before he announced his intention to buy the company.
Shares of Twitter (NYSE:TWTR) popped in mid-April after the social media giant reported first quarter numbers that blew estimates out of the water. Of critical importance, Twitter broadly reported ...
[147] [148] A lower estimate was reported in October 2023 from Fidelity at about the same time, estimating the company to be down 65% from its purchase price. [149] Fidelity estimated in October 2024 that the company's value was down 79% from Musk's original purchase price, 24% lower than what Fidelity had estimated two months earlier. [150]
I've been skeptical about Twitter (NYSE:TWTR) stock for some time now. Admittedly, even though TWTR stock has been range-bound since late July, I've been too skeptical towards it, as Twitter stock ...
[146] [147] Musk later stated that he believed Twitter's long-term value would exceed the price of $54.20 per share, which he considered an overpayment. [148] On October 20, The Washington Post reported that Musk intended to terminate 75 percent of Twitter's staff, and that Twitter executives were keen on selling the company to Musk so they ...
Twitter (NYSE:TWTR) released its Q4 earnings last week. And Twitter stock got hammered.Source: Shutterstock Why?It wasn't its Q4 numbers, which came in at or above analysts' expectations. Revenue ...