The Twitter stock has been on the decline for quite a while since Elon Musk offered his bid to purchase the company. The stock has shed more than 15% over the past month.
Just as things seemed to return to normalcy with everyone waiting for Elon Musk’s purchase deal to be finalized, Elon Musk has thrown a spanner in the works by putting the purchase deal on hold on grounds of numerous fake accounts on the Twitter platform.
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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 especially now that its price has dropped considerably.
However, you should invest wisely since the stock remains highly volatile especially due to Elon Musk’s purchase deal.
With the Elon Musk’s purchase deal put on hold, it is difficult to conclusively give a definitive price prediction of the Twitter stock.
However, majority forecast that the bottom is near and the stock could spring back above $50 by the end of this month especially if Elon Musk was to follow through with the purchase deal to the end.
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