Highlights
- Is Elon Musk Buying Twitter?
- Twitter’s Stock Market rose after Musk’s intervention.
- Twitter Stock at 40 in current trend.
Twitter is one of the biggest social media platforms that work on the demands of trending topics. As we say that Twitter recently made Headlines for Twitter Stock that Elon Musk was to buy at $54 per cash share. Earlier, Musk had acquired 9.1% of the shareholding of Twitter. In April 2022, Twitter’s board of directors unanimously accepted Musk’s buyout offer of $44 billion. That meant that the company was ready for privatization. However, the following month, on July 8, Musk announced that he intended to terminate the proposed acquisition. Ultimately, the role of privatization and Tesla owner’s strategy to buy Twitter raised concerns over the rights and Freedom of speech. After that, a Poison Bill strategy was passed by the Twitter Board of Directors to increase the purchase of stocks in the hostile takeover event.
Twitter History
On March 21, 2006, Dorsey published the first Twitter message at 12:50 p.m. PST, UTC−08:00: “just setting up my Twitter.” Eventually, the prototype version was developed by Dorsey and contractor Florian Weber. Furthermore, It worked as an internal service for Odeo employees. Following the year, on July 15, 2006, the final version was introduced publicly. Moreover, the company took a path after 2007.
In April 2012, Twitter announced that it was opening an office in Detroit, intending to work with automotive brands and advertising agencies. Twitter also expanded its office in Dublin. In December 2012, Twitter surpassed 200 million monthly active users. Accordingly, it hit 100 million monthly active users in September 2011.
The company’s official public offering on the New York Stock Exchange started on November 7, 2013.
In September 2016, Twitter shares rose 20% after a report that it had received takeover approaches. Among the potential buyers were Alphabet, Microsoft, Salesforce.com, Verizon, and The Walt Disney Company. Interestingly, the board of directors was open to a deal. The deal was supposed to have come by the end of 2016. However, the deal wasn’t made, with reports in October stating that all the potential buyers dropped out partly due to concerns over abuse and harassment on the service. Furthermore, to expand user-friendly experiences, Twitter revamped its dashboard to improve the new user experience in June 2017.
Is Twitter Stock A Good Buy?
On September 12, 2013, Twitter announced filing papers with the U.S. Securities and Exchange Commission (SEC). The paper filling was done ahead of a planned stock market listing. Moreover, Twitter planned to raise US$1 billion for its stock market debut. Eventually, on the first day of trading on the NYSE, Twitter shares opened at $26.00 and closed at US$44.90. It gave the company a valuation of around US$31 billion. As of 2021, Twitter Inc.’s revenue closed at $5.08 million. According to the current trend, the Twitter trading stock market stands close at approx. 40.
By December 2010, the company grew to US$200 million in new venture capital. Moreover, the valuation was approximately US$3.7 billion. In August 2010, Twitter announced a “significant” investment led by Digital Sky Technologies at US$800 million. And it was reported to be the largest venture round in history. Furthermore, Around 2011, the Saudi prince Alwaleed bin Talal invested US$300 million in Twitter. Eventually, the company stood at US$8.4 billion at the time.
Twitter Stock investment certainly increased for Twitter after Musk’s involvement. However, his withdrawal made skeptical business in Twitter stock. Investing in Twitter stock depends on the stock market trends. And likewise, the values are added. Twitter stock buy and sell market varies accordingly.
Twitter stock buy or sell can precisely go through trading apps offering the market.