Elon Musk Buys 9 Percent Stake In Twitter

twitter stock

To view a list of securities that are subject to delisting, including those that continue to be traded pending appeal, please click here. In addition to investment banking and asset management, twtr the firm provides trading services and investment research. Vanguard funds owned about 70.4 million Twitter shares representing 8.8% of shares outstanding as of Dec. 31, 2021.

Last November, Twitter founder Jack Dorsey left his CEO position without the expected prior notice for these kind of positions. Musk showed support for Dorsey in the past when he was scrutinized by the shareholders. What a spike following the news that Elon Musk just acquired over 9% of twitter stock. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Barchart is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve our web experience, and encourage users to Contact Us for feedback and accommodation requests.

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Twitter, Inc is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company’s services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet. The company can also be used as a marketing tool for businesses. Its products and services include Promoted Tweets, Promoted Accounts and Promoted Trends.

  • The $152 million inflow to the stock on Monday was the largest among all stocks and ETFs on U.S. exchanges for the day.
  • He said in a post last month that given that the social media platform "serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy."
  • Money management is the process of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group.
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Dorsey stepped down as CEO in November, though he remains on the company’s board of directors. After living through two years of a pandemic, consumers are ready to hit the open road – and these top-rated travel stocks could reap the rewards. "It looks like Elon has his eyes laser set on Twitter," writes Wedbush analyst Daniel Ives, who rates https://dotbig.com/ at Hold. Ives notes that Musk’s move could lead to a "more aggressive ownership role." Adding to the drama is that Musk has tweeted himself into trouble plenty of times – both with the Securities and Exchange Commission as the CEO of Tesla, and as a private citizen. The richest person alive is good for Twitter in this one specific instance.

Twtr Overview

Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Institutional investors dominated the list of Twitter’s top shareholders until April 2022, when Tesla Chief https://www.usbank.com/index.html Executive Elon Musk disclosed his new 9.2% stake in the social media company. He said in a post last month that given that the social media platform "serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy." The mercurial billionaire is now the single largest shareholder in the social media platform.

twitter stock

The communication services stock lost 35% of its value over the six months ended April 1, versus a gain of 5.5% for the broader market. Wall Street, for its part, hasn’t been particularly bullish on Twitter’s shares for some time. Indeed, analysts’ consensus recommendation stands at Hold, per S&P Global Market Intelligence – a rating that has been in place for more than a year-and-a-half. The Barchart Technical https://dotbig.com/markets/stocks/TWTR/ Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.


A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. Last month, Musk polled his followers on whether they thought Twitter adhered to the principles of free speech. In late 2021, he tweeted a meme that was apparently critical of incoming CEO Parag Agrawal, who replaced Jack Dorsey after his surprise November resignation.

Market Moves

He cautioned that the hype could also attract investors who like to short stocks. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Musk revealed in a regulatory filing Monday that he purchased a total of 73.5 million TWTR shares worth $2.9 billion as of Friday’s closing price. The market, reacting with a combination of shock and elation, sent DotBig up 25% at the opening bell. We believe Musk’s communication to the firm, other shareholders, and the platform’s 217 million daily active users could affect Twitter’s long-term strategy.

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