You could trade it today, but only after it opened. The open was something like 45.10, and the day's low after it opened was 44.00, so that would have been the best price you could have gotten.
Printable View
You could trade it today, but only after it opened. The open was something like 45.10, and the day's low after it opened was 44.00, so that would have been the best price you could have gotten.
Amazing how similar the first day TWTR chart is to the first day FB chart. If similarities continue you'll be able to buy TWTR in a few months for $22-26 so patience wins.
I took the opportunity this morning to buy a few shares of FB for the first time. I figure that the hype money may flow out of TWTR and some of it will land in FB.
Twitter now at 44-45, same level as the price normal people could have bought the IPO.
I don't think the Section 230 threats will make a difference to it's long term struggle. Irony here is TWTR probably wouldn't be any higher than $20 if Trump didn't come along.
Twitter, Elon Musk Deal Could Be Announced Monday
Turn of events comes days after the billionaire unveiled his $43 billion bid for the social-media company
https://www.wsj.com/articles/twitter...hare_permalink
Looks like a done deal. Surprise!
Sent from my SM-G975U using Tapatalk
Is this a good thing or a bad thing? I don't tweet, so no big deal for me.
So far, it's been good for Twitter's stock price. His reason for buying it is to promote free and open speech on the service so expect little to no censorship on Twitter going forward. Elon himself has been a controversial figure on Twitter so it will be interesting to see how the SEC and other social media platforms will react.
I may use my account again.
Free speech is a good thing, but beyond cost cutting, how does Twitter plan on making money going forward? The FAANG stocks are having trouble printing money like they used to, and I don't see Twitter filling some need that will somehow revive users.
Bezos has Washington Post, Buffett has Liberty XM and Munger has Daily Journal. Twitter is going to be Elon's information platform. I see this as nothing but a political move for Elon to talk his nonsense. When Tesla came out it was the car person's car and nothing more than a luxury. Under Obama it was all about green energy to get those subsidies. Under Trump, it was bring jobs to the US for subsidies.
Elon Musk's inquiry into Twitter could leave the company exposed to be less valuable than thought. The new question? How much of Twitter is real? Twitter claims only 5% of its members are spam or automated accounts. Other reports claim the number could be more than 20%. Musk says he won't move forward with the current deal until the company provides proof that only 5% of its accounts are 'fake'.
Elon Musk Demands Clarity on Twitter Fake Accounts for Deal to Move Forward
Rebranding:
https://www.tsptalk.com/images/mb/2023/x.gif