Twitter stock

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.

Twitter shares have surged before the market has even opened, amid speculation billionaire Elon Musk could be successful in his bid to take over the ...

A poison pill allows companies to offer shares to existing shareholders at discounted prices, with Twitter bosses hoping the move would dilute Musk's shares and prevent him from increasing his stake in the company. Musk reportedly met privately with several shareholders on Friday to assuage any of their concerns about his proposal. Shares jumped about 5 percent to just over $51 in premarket trading, pointing to possible gains when the market opens later today.

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 in 'advanced' takeover talks with Elon Musk, the Wall Street Journal reported, but billionaire Tesla CEO isn't likely to budge from his "best and ...

Musk would likely need a board recommendation to complete his purchase of the group after Twitter adopted a so-called 'poison pill' defense earlier this month. The Wall Street Journal said Twitter is in 'advanced' talks with Musk, adding a deal could me made public as early as this week. Reuters reported Sunday that while Twitter has not yet decided to accept Musk's bid, which both the company and some of its major shareholders have derided as too low, it is nonetheless ready to engage on both the merits of the proposed takeover and any legal entanglements from Musk's many run-ins with the SEC in his role as Tesla boss.

Twitter is reportedly close to a deal to sell the company to Tesla founder and billionaire Elon Musk.

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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.

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.

Twitter (TWTR) is getting bought out by Elon Musk—and for a price that looks too low. It could be a sign that the problem is as much with the stock market ...

Over the weekend, Twitter (ticker: TWTR) and the CEO of Tesla (TSLA) met to discuss Musk’s recent offer to buy the company. Now the deal, which Twitter was expected to reject, is done. Twitter is getting bought out by Elon Musk—and for a price that looks too low.

The board appeared to be more receptive to Musk's acquisition offer in recent days, especially after the Tesla billionaire revealed in an SEC filing last week ...

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.