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On April 14, Musk made an unsolicited and non-binding offer to Twitter to purchase the company for $43 billion, or $54.20 per share, and take it private. Though the offer was made to company management, the bid was described as a hostile takeover attempt because of the implied threat to purchase the outstanding stock if management declined.
Shares of Twitter were down 5.3% in pre-market trading on July 11, following Elon Musk's termination of the $44 billion deal late Friday, July 8. See: Twitter Shares Tumble as Their 'Fire Hose ...
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...
Twitter's board has a tough needle to thread amid Elon Musk's huge buyout offer. One wrong step could send shares reeling.
Twitter planned to raise US$1 billion as the basis for its stock market debut. The initial public offering (IPO) filing states that "200,000,000+ monthly active users" access Twitter and "500,000,000+ tweets per day" are posted.
Later that month, Musk applied to merge X Holdings I with X Holdings Corp. and Twitter, Inc. with X Corp. In the filing, Musk revealed that X Holdings Corp. had $2 million in capital, but X Holdings Corp. would serve as the parent company for X Corp. In a company-wide email that month, Musk announced that Twitter employees would receive stock ...
Twitter shares hit an all-time high on Thursday after the social media giant said it forecasts total annual revenue to reach $7.5 billion or more by 2023 and the number of monetizable daily active ...
In 2016, shareholders sued Twitter, alleging it "artificially inflated its stock price by misleading them about user engagement". The company announced on September 20, 2021, that it would pay $809.5 million to settle this class-action lawsuit. User engagement. User engagement is usually measured by the number of likes, replies and reposts.
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