Twitter stock has been going through a turbulent period after Elon Musk decided to buy a majority share in the company; something that even prompted some of the shareholders to sue Musk for not disclosing the actual amount of Twitter shares he owned.
Things have taken another turn after Musk made an offer to purchase Twitter for $43 billion, which is $54.20 per share. Twitter CEO today however told employees that the company was not ‘held hostage’ by Musk’s offer. Nevertheless, if Musk pulls this through, the shareholders will make almost $10 per share.
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To help stock investors who want to buy Twitter stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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Twitter stock is the stock of Twitter and it trades on New York Stock Exchange (NYSE) under the symbol NYSE: TWTR.
Twitter is an American social network company that runs the Twitter microblogging and social networking platform. It was co-founded by Jack Dorsey who was the CEO till November 29, 2021.
Jack Dorsey is also the founder and CEO of Square, which is a digital payments company.
Twitter users post ad interact with messages (Tweets) on various issues.
If you want to invest in a social media platform, then buying Twitter stock could be a good choice.
However, you should invest wisely since the stock remains highly volatile especially due to Elon Musk’s offer and it is unclear how the stock shall behave once Elon purchases the platform.
With Elon offering to purchase Twitter for $54.20 per share, the price of Twitter stock is expected to rise towards the figure anytime soon although it is currently on a slight pullback.
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