Twitter share price

Shares of the social-media company advanced in premarket trading, pointing to possible gains when the market opens and suggesting that shareholders are ...

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. Shares of the social-media company advanced 3.8% to $50.80 during late morning trading.

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 is reportedly talking with Tesla CEO Elon Musk about a possible sale. Twitter stock is rising, but shares are still not up as much as bullish ...

Twitter is reportedly talking with Tesla CEO Elon Musk about a possible sale. Late Sunday night, The Wall Street Journal reported that Twitter (ticker: TWTR) is engaging Musk in buyout talks. That could spell opportunity.

Twitter shares jumped around 4% to $50.64 after reports that the company is poised to agree a sale to Elon Musk for around $43 billion in cash, ...

The S&P 500 opened lower by 16.44 points, or 0.38%, at 4,255.34, while the Nasdaq Composite dropped 90.12 points, or 0.70%, to 12,749.17 at the opening bell. The S&P 500 opened lower by 16.44 points, or 0.38%, at 4,255.34, while the Nasdaq Composite dropped 90.12 points, or 0.70%, to 12,749.17 at the opening bell. The Dow Jones Industrial Average fell 79.75 points, or 0.24%, at the open to 33,731.65. The Dow Jones Industrial Average fell 79.75 points, or 0.24%, at the open to 33,731.65.

The report said Twitter may announce the deal later on Monday once its board has met to recommend the transaction to Twitter shareholders.

Musk had shaken up Twitter after he shared his letter on the micro-blogging site. Twitter's board has decided to engage with Musk to gather more information on his ability to complete the deal despite his "best and final" offer, and potentially get better terms, the sources added. Twitter Inc is all set for a deal to sell itself to Elon Musk for $54.20 per share in cash - the amount that the Tesla CEO originally offered to the social media giant and called his “best and final”, people familiar with the matter said, news agency Reuters reported.

Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his "best and final" offer for the ...

"Our concerns are not new," said White House spokesperson Jen Psaki, adding that the platforms need to be held accountable. On the other hand, he said, "Tesla shareholders can’t be happy that Musk will have to divert even more attention away from winning the EV (electric vehicle) race." I don't care about the economics at all," he said in a recent public talk. "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 a statement. read more Register now for FREE unlimited access to Reuters.com

Twitter Inc kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company's shareholders with financing details on ...

In response, Musk has threatened to launch a tender offer that he could use to register Twitter shareholder support for his bid. Short term-minded investors such as hedge funds want Twitter to accept Musk's offer or ask for only a small increase, the sources said. Twitter has not yet decided if it will explore a sale to put pressure on Musk to raise his bid, according to the sources. Twitter is also looking into whether regulators in any of the major markets it operates would object to Musk owning the company, the source added. Nevertheless, Twitter's board has decided to engage with Musk to gather more information on his ability to complete the deal, and potentially get better terms, the sources added. The company's decision to engage with Musk, taken earlier on Sunday, does not mean that it will accept his $54.20 per share bid, the sources said.

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According to Forbes he is worth $269.7bn (£212bn), owning 21% of electric vehicle company Tesla with Musk’s company, SpaceX, valued at £74bn. Elon Musk is the richest man in the world. How much is Elon Musk worth?

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.

The announcement ends a weeks-long saga Musk kicked off when he offered to buy the company at $54.20 per share, his "best and final."

Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it." The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders." 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. He also said he generally would prefer "time-outs" to permanent bans, which could suggest a path for former President Donald Trump to rejoin the platform under Musk's control. Upon completion of the transaction, Twitter will become a privately held company. The SEC declined to comment on Musk's remarks at the time. Despite his being the world's richest person, much of his wealth is tied up in Tesla stock, meaning he would likely have to borrow against his holdings to fund the deal. Musk's interest in Twitter comes from his own frequent use of the platform. The plan would dilute that person's holdings in a strategy commonly employed to prevent unwanted acquisitions. The announcement ends a weekslong saga Musk kicked off when he disclosed a large stake in the company. Twitter would become a private company on completion of the deal, which requires shareholder and regulatory approval. "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.

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.

Twitter is poised to agree to a sale to Elon Musk for around US$43 billion in cash, the price the CEO of Tesla has called his “best and final” offer for the ...

Twitter's 11-member board met on Sunday morning to discuss Mr. Musk's offer to buy the company and take it private.

On Saturday, Mr. Musk took aim at the billionaire Bill Gates, saying that Mr. Gates had taken a “short” position on the stock of Tesla, which meant that Mr. Gates was betting the carmaker’s shares would fall. Last year, Mr. Musk had changed his title at Tesla from chief executive to technoking. Twitter also adopted a “poison pill,” a defensive maneuver that would prevent Mr. Musk from accumulating more of the company’s stock. Mr. Musk, 50, has made clear that he sees many deficiencies in Twitter as a social media service. When Mr. Musk briefly flirted with joining Twitter’s board this month, Mr. Dorsey tweeted, “I’m really happy Elon is joining the Twitter board! The discussions followed a Twitter board meeting on Sunday morning to discuss Mr. Musk’s offer, the people said. Twitter’s stock rose above $70 a share last year when the company announced goals to double its revenue, but has since fallen to around $48 as investors have questioned its ability to meet those targets. He said he would use another $21 billion in cash to buy the rest of Twitter’s equity. A Twitter spokesman declined to comment. But his proposal was quickly dismissed by Wall Street because it was unclear if he could come up with the money to do the deal. The two sides were discussing details including a timeline to close any potential deal and any fees that would be paid if an agreement were signed and then fell apart, they said. An agreement is not yet final and may still fall apart, but what had initially seemed to be a highly improbable deal appeared to be nearing an endgame.

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.

Twitter agreed to be taken over at $54.20 a share, a 38 percent premium over the share price before it was revealed that Mr. Musk had been buying up the ...

Mr. Musk has said he wants Twitter to fulfill its “societal imperative” as a platform for free speech. Elon Musk made a centerpiece of his bid for Twitter the need to restrain what he sees as overly aggressive content moderation policies that limit what people can say on the site. Mr. Musk announced a deal with Twitter Monday morning after announcing that he had lined up $46.5 billion in financing for his takeover bid. Over the weekend, as negotiations for his takeover of Twitter were approaching their final stages, Elon Musk took a shot at fellow billionaire Bill Gates in a series of high-profile tweets. That’s not far below the $54.20 price agreed to in the deal with Mr. Musk, which shareholders will receive when the acquisition is made official and Twitter becomes a private company. In a statement on Monday, Mr. Musk said he would focus on “new features, making the algorithms open source to increase trust, defeating the spam bots and authenticating all humans.” The biggest question Wall Street has been asking since Elon Musk said he wanted to buy Twitter was: How would he fund such a deal? Twitter users voiced a mix of excitement, worry and skepticism on Monday about Elon Musk’s takeover of the site. It would be the largest deal to take a company private — something Mr. Musk has said he will do with Twitter — in at least two decades, according to data compiled by Dealogic. “Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.” By taking the company private, Mr. Musk could work on the service out of sight of the prying eyes of investors, regulators and others. As a social network, Twitter is an influential platform that sets the agenda for many in business, politics and society.