Dow Jones reported a deal coming

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A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The stock has moved higher today after a stream or reports that made a Monday announcement of a buyout increasingly likely. Dow Jones reported a deal coming together around a $44 billion valuation. Twitter said the board has agreed to the deal, valuing the company at about $44 billion. Elon Musk has said repeatedly in recent weeks that his offer to acquire Twitter is his best and final offer. There have been no reports that he has changed his initial bid of $54.20 a share or agreed to concessions. Musk’s purchase of Twitter would represent a major sea change among social media companies and could lead to significant changes at Twitter.

twitter stock

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. Twitter, nasdaq twtr 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.

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The board negotiated with Musk into the early hours of Monday, according to The New York Times. twtr stock price The drama surrounding Twitter looks likely to continue for a few days more, at least.

  • By the end of its first trading session Twitter stock price had rallied 73% to $44.90, bringing Twitter’s market value to near $31 billion — three times its $10.5 billion valuation in May of that year.
  • On May 3, 2016, Twitter stock price hit its all-time low of $14.01.
  • A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares.
  • Just over a month after its IPO, Twitter’s shares had hit their all time high stock price of $73.31 — a stock price they have yet to see ever again.
  • Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
  • Twitter said the board has agreed to the deal, valuing the company at about $44 billion.

The company could provide an update on the entire situation when its reports first-quarter earnings this on April 28, if not sooner. The Wall Street Journal reported over the weekend that Twitter executives are re-examining Musk’s bid and are more likely https://dotbig.com/markets/stocks/TWTR/ than before to negotiate with the billionaire. The board had previously rebuffed Musk’s takeover bid and adopted a so-called “poison pill” strategy where they would dilute the company’s share count to prevent Musk from acquiring a majority of the stock.

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Musk, an avid Twitter user, has contended it needs to be "transformed" into a private company so it can become a forum for free speech. He’s alsosaid that Twitter’s board members’ interests "are simply not aligned with shareholders" and that the board"owns almost no shares" of the company. He spent five years as a staff reporter at The Wall Street Journal, and has also written DotBig for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. Williams was fired too in 2010, dumped by the board in favor of COO Dick Costolo. Dorsey was promoted from passive member to Executive Chairman of the board. All of this churn and Twitter was still not anywhere near being a publicly traded company.

Slowly chugging along as a network for short status updates, powered mostly through text messages, Twitter needed a catalyst. It found one in the 2007 South by Southwest Interactive conference in Austin, Texas. Drawing on his experience programming software for taxicab dispatching, Dorsey https://dotbig.com/ pitched the idea of a realtime short messaging service to his coworkers Biz Stone and Evan Williams. By March of 2006, the gang had a prototype running on an IBM Thinkpad and Verizon wireless card. Elon Musk and Twitter have agree to a sale of the social networking site for $44 billion.

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The fact that Twitter’s board is now considering accepting Musk’s takeover offer is good news for the stock. However, the long-term outlook for the company remains uncertain and how any potential takeover https://dotbig.com/markets/stocks/TWTR/ ultimately concludes is unknown. However, while Twitter’s board might now be reconsidering Musk’s offer, other media reports say that the board members continue to look for other suitors.

Twitter Shares Rise As Company Announces It Approved Musk’s $44 Billion Acquisition Bid

Twittershares resumed trading on Monday as the company announced it had accepted Elon Musk’s bid to acquire the company. Dorsey would again become permanent CEO in September 2015, helping https://smartasset.com/checking-account/the-top-ten-banks-by-assets-held price slightly, but shares continued to slip throughout the next year due to falling user growth and revenue numbers. Just over a month after its IPO, Twitter’s shares had hit their all time high stock price of $73.31 — a stock price they have yet to see ever again. Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an "uptick" in price and the value of trades made on a "downtick" in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades.

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