Well, this being pretty basic and factual, it’s not really necessary for me to have a view. The background to this really just being that someone, somewhere, probably should put up a piece simply to say – Twitter’s gone as a stock. Also, that the bonds don’t look – currently, that is – as if they offer an interesting opportunity.
On 27 October, after months of speculation and back and forth, Teslo CEO Elon Musk completed his purchase ofTwitter for the price of $54.20 a share, taking the company private. Musk confirmed the news himself as he tweeted “the bird has been freed” on his personal Twitter account, referencing the social media site’s bird logo. As a private company, Twitter will not be required to report on its financial performance in the same way that it has as a publicly traded firm.
Barchart Technical Opinion
Twitter’s stock will be delisted from the New York Stock Exchange on November 8, according to a new filing with the U.S. This comes a day after Elon Musk completed the company’s takeover after a lengthy ordeal late Thursday. Incidentally, the delisting is taking place on the same date as the U.S. midterm elections. Hello traders, All the below are based on my preferences, I don’t give any financial recommendations and I have nothing to sell you with this article. I’m sharing content because I see a lot of traders being/becoming broke and I don’t want you to be one of them.
- Promoted Accounts appear in the same format and place as accounts suggested by its Who to Follow recommendation engine, or in some cases, in Tweets in an individual’s timeline.
- Incidentally, the delisting is taking place on the same date as the U.S. midterm elections.
- The spam bot issue culminated in a termination letter sent by Musk’s representatives to the company on 8 July and disclosed in an SEC filing.
- A yield to maturity of 4.3% (on the 3.875% bonds) really isn’t attractive in the current market.
So, having set the price back then, if they issue the bonds now then they’ve got to book a huge loss. We could, in theory at least, make a private contract with someone linked to some notional link to Twitter and its performance. There’s a Twitter bond out there that https://kempton-park.infoisinfo.co.za/search/logistics could be traded (although I’d suspect a very thin market for it). But to all useful intents and purposes, Twitter as an equity possibility is that dead and gone, expired. I mean whether the yellow circle dots mean, the confirmation of the breakout for long and short.
Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis. Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers. Next quarter’s earnings estimate for TWTR is ― with a range of ― to ―. TWTR beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate ― of the time in the same period. Check the Stock Market Today column to spot changes in market trend and track the best stocks to buy and… Musk sold just under 22 million shares, worth $3.58 billion in aggregate, from Dec. 12 to Dec. 14, according to a filing with the Securities and Exchange Commission released late Wednesday. Tesla shares TSLA fell in all three of those trading sessions, dropping 12.4% in total over the three-day stretch to finish…
Full BioNathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. In short, while it can be disappointing Twitter to see investments go private, retail investors like us really have little to no control over buyouts like this. With that in mind, all we can do is take it on the chin and either cash out or reinvest funds elsewhere.
Quinn added that that price represents a great return on investment for most Twitter shareholders, given the stock market drops that other tech companies, like Snapchat and Facebook’s Meta have experienced. The social media company will likely form a new board after the current members will dissolve. Musk will have to also pick a new executive team, as one of his first steps after taking over was to fire CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and head of legal policy, trust and safety Vijaya Gadde. Musk is likely to assume the CEO position for the time being, but he might hand it over to someone else in the long run. Twitter, Inc. is a global platform for public expression and real-time conversation. The Company’s products and services include Promoted Ads and Twitter Amplify, Follower Ads, and Twitter Takeover. First, as a private entity, Twitter’s financial performance will no longer be as visible to outsiders.
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The company argued that Musk was attempting to “escape a merger agreement that Musk no longer found attractive once the stock market – and along with it, his massive personal wealth – declined in value”. Ringler also claimed that Twitter repeatedly failed to provide Musk with the information he had requested. Musk had previously said that he wanted to evaluate claims that about 5% of the platform’s monetisable daily active users were spam accounts. Musk countered the poison pill provision by making an offer to shareholders directly for them to tender their shares, despite opposition from the board. The highest analyst price target is $54.20 ,the lowest forecast is $42.00.
Based on analyst ratings, Twitter’s 12-month average price target is $50.60. Trading in the shares on the New York Stock Exchange was suspended, meaning no new purchases of the stock can be made. However, lawyers for Musk confirmed in a court filing on October 4 that Musk will proceed with the deal and he was willing to buy Twitter at the stated price of $54.20 a share.
Is Twitter stock a good buy?
He initially became the company’s largest shareholder on 4 April, investing $2.89bn to take a 9.2% stake. His purchase of 73.5 million shares with the stock price at $39.31 a share at the previous close gave the stake a book value of $2.89bn. Information provided on Forbes Advisor is for educational purposes only. Your financial Invest in Twitter situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication.
It provides a network that connects users to people, information, ideas, opinions and news. https://n4gm.com/buy-twtr-stocks-with-dotbig-forex-broker/ The company’s services include live commentary, live connections and live conversations.
On 30 August, Twitter responded again, rejecting Musk’s termination claim. “As was the case with your 8 July 2022 purported notice of termination, the purported termination set forth in your August 29, 2022 letter is invalid and wrongful under the agreement,” the company wrote in a letter filed with the SEC. The spam https://n4gm.com/buy-twtr-stocks-with-dotbig-forex-broker/ bot issue culminated in a termination letter sent by Musk’s representatives to the company on 8 July and disclosed in an SEC filing. Skadden attorney Mike Ringler claimed that “Twitter has not complied with its contractual obligations”. On the day of that announcement, TWTR stock closed the trading day at $51.70.