
Elon Musk Renews Bid to Buy Twitter for Original Price, TWTR Stock Up 22%
Elon Musk appears set to put an end to the conflict with Twitter by revisiting his original deal to acquire the company.
Elon Musk appears set to put an end to the conflict with Twitter by revisiting his original deal to acquire the company.
The decision Musk has taken to back out of the Twitter deal has caused the company’s shares to crash as a legal battle brews.
Twitter stock was trading at $37.39 on Monday, representing a complete reversal of gains acquired after Musk announced minority ownership.
Musk’s recent remark about lifting the ban on Trump supports his earlier call for free speech on the social networking platform.
Twitter is re-examining the takeover proposal Elon Musk earlier submitted and may negotiate a potential terms of sale with the billionaire.
Elon Musk posted the “Love Me Tender” tweet a few days after he created a poll about taking Twitter private.
Events surrounding Elon Musk’s tweets in recent times have suggested that he might have some interest in the social media platform.
Drawing on the potential for more aggressive buyouts by Musk, Twitter investors are refusing to sit on the sidelines and watch the shares climb to a whole new pedestal.
The Tips feature allows users to receive money, BTC, or ETH through the third-party payment service added to their profiles.
Although the reason is unclear, Jack Dorsey is expected to leave his position as CEO of Twitter. Parag Agrawal is expected to replace him.
Twitter reported its Q3 earnings and revealed that its performance was not significantly affected by Apple’s updated privacy features.
In a short demonstration video, Taylor showed how users can fetch their NFTs from any wallet and use it as their Twitter avatar with an Ethereum checkmark on it, depending on the blockchain technology it is based on.
Twitter reported adjusted earnings per share of 20 cents against 7 cents expected by analysts according to a poll by Refinitiv.
With the failure of Twitter to comply with the new rules, the Tech Ministry warned the firm earlier this month of “Unintended Consequences.”
Twitter stock is expected to reap hugely from Bitcoin lightning network integration that could see its revenues up in the coming quarters.