Search
Close this search box.
Search
Close this search box.

Elon Musk Wants to Buy Twitter: Everything You Need To Know

Elon Musk

All eyes are on Twitter (NYSE: TWTR) shares this morning after Tesla (NASDAQ: TSLA) CEO Elon Musk proposed taking the business private at $54.20 per share, valuing it at $43.4 billion. Musk already owns 9.2 percent of TWTR stock, therefore the suggestion is to purchase the remaining shares. The proposal price is also an 18% premium over yesterday’s close.

TWTR stock is currently up more than 2% as a result of the news. Here’s what investors should be aware of going forward.

What Does Elon Musk’s Bid Mean for TWTR Stock?

Elon Musk has put Twitter shareholders in a difficult position. The Tesla CEO stated the following in an amended 13D filing:

Since making my investment, I’ve realized that the company, in its current shape, will neither survive nor satisfy this societal necessity.” Twitter must be restructured as a private firm.”

If Twitter accepts the executive’s offer, the firm will be delisted from the New York Stock Exchange and will no longer be tradable by the general public. Furthermore, if the plan is rejected by the board, TWTR stock may drop. Musk stated that if the bid is not accepted, he will “rethink [his] position as a shareholder.” The bid also serves as his “best and final offer.” Twitter’s board of directors will meet this morning to debate the proposal.

Even if Musk’s offer is rejected by the board, the message is clear: Twitter needs to change. The social media network has recently had a history of mediocre feature rollouts, such as Twitter Fleets and Twitter Blue. Furthermore, user requests for an edit button have been ongoing for years, with the corporation failing to deliver an update. However, there may be a silver lining. Twitter’s official account tweeted on April 1 that the business is “working on an edit button.”

Twitter is currently trading at around $47, or around 12% less than the asking price. This could imply that TWTR stockholders are aware of the possibility of the proposal being rejected.

As of the present, it is unclear how Musk intends to fund his idea if it is accepted. Among other things, the CEO might sell TSLA stock or borrow against his Tesla position. According to CNN Business, Musk presently owns almost $177 billion in TSLA.

How Do Analysts Feel About the Elon Musk Twitter Offer?

According to Wedbush analyst Dan Ives, this proposal price is appealing and may put the “Twitter board’s backs against the wall.” Musk, on the other hand, must make various changes in order to earn a reasonable return on his investment. Among these are boosting subscription revenue and lowering costs.

Meanwhile, Vital Knowledge President Adam Crisafulli believes the offer is too low, citing Twitter’s recent trading in the $70 region. Gene Munster of Loup Funds also joined in. “Put it all together; Musk taking over Twitter is more likely than not,” Munster tweeted.

Apart from this, if you are interested; you can also read EntertainmentNumerologyTech, and Health-related articles here: 

7starhdMovieswoodHow to Remove Bookmarks on MacOuter Banks Season 4How to block a website on ChromeHow to watch NFL games for freeDesireMovies, How to watch NFL games without cableHow to unlock iPhoneHow to cancel ESPN+How to turn on Bluetooth on Windows 10Outer Banks Season 36streams4AnimeMoviesflix123MKVMasterAnimeBuffstreamsGoMoviesVIPLeagueHow to Play Music in DiscordVampires Diaries Season 9Homeland Season 9Brent Rivera Net WorthPDFDriveSmallPDFSquid Game Season 2Knightfall Season 3CrackstreamKung Fu Panda 41616 Angel Number333 Angel Number666 Angel Number777 Angel Number444 angel numberBruno Mars net worthKissAnimeJim Carrey net worthBollyshareAfdahPrabhas Wife NameProject Free TVKissasianMangagoKickassanimeMoviezwapJio RockersDramacoolM4uHDHip DipsM4ufreeFiverr English Test AnswersNBAstreamsXYZHighest Paid CEOThe 100 season 8, and F95Zone

Thanks for your time. Keep reading!


Subscribe to Our Newsletter

Related Articles

Top Trending

Instagram's New AI-Powered Search
Instagram's New AI-Powered Search Aims to Boost Content Tips
AI Avatars on TikTok
AI Avatars on TikTok: The Future of Advertising?
Onionplay Alternatives
Onionplay Alternatives: Top 200 Platforms for Your Entertainment Needs
Meta Launches AI Chatbot on WhatsApp in India
Meta Launches AI Chatbot on WhatsApp in India: Key Features & Guide
Elon Musk's 48-Hour Trip to India
Elon Musk's 48-Hour Trip to India: Unveiling Tesla's Big Plans

LIFESTYLE

Korean Beauty Secrets
10 Korean Beauty Secrets for Youthful Energy: Stay Young & Vibrant
Ancient Philosophers Guide to Happiness
Unlocking Happiness: Timeless Lessons from Ancient Philosophers
eid decor diy
Eid Decor DIY: 15 Creative Ideas to Spruce Up Your Home for the Festivities
50 Worries to Leave Behind When You Hit 50
Top 50 Worries to Leave Behind When You Hit 50 - A Guide
millennial fashion trends
Top 15 Millennial Fashion Trends Coming Back in 2024

Entertainment

Onionplay Alternatives
Onionplay Alternatives: Top 200 Platforms for Your Entertainment Needs
Cregan Stark
Meet Cregan Stark: Key Player in 'House of the Dragon' Season 2
rubi rose leaks
Rubi Rose Leaks: The Impact of the Alleged Sex Tape Incident in 2024
david bromstad twin brother
David Bromstad Twin Brother Rumors: Inside Story and Updates
Dark Matter
Explore Apple's New Sci-Fi Hit: 'Dark Matter' Unveiled!

GAMING

Prime Gaming
Is 2024 the Year Prime Gaming Takes Off?
Online Games for Stress Relief
Finding Calm in the Click: A Comparative Look at Online Games for Stress Relief
Apple Introduces Retro Game Emulators App Store
App Store Welcomes Retro Game Emulators: Apple's New Gaming Era
Nintendo Switch 2
Sneak Peek: What to Expect from the Nintendo Switch 2
tortoise pokemon
Discover the Top 15 Tortoise Pokemon in the Pokemon Universe

BUSINESS

Elon Musk's 48-Hour Trip to India
Elon Musk's 48-Hour Trip to India: Unveiling Tesla's Big Plans
Tesla and Reliance Join Forces for Manufacturing Venture
Tesla and Reliance Join Forces for New India Manufacturing Venture
Entrepreneurs are receiving money
Peace of Mind: Stability Through Payday Loan Assistance
Tips For Successful Business Plan
Mastering Business Plans: Essential Tips for Success
Better Workplace Culture
Creating a Better Workplace Culture

TECHNOLOGY

Meta Launches AI Chatbot on WhatsApp in India
Meta Launches AI Chatbot on WhatsApp in India: Key Features & Guide
ChatGPT's Latest Update
Explore ChatGPT's Latest Update: 8 Exciting Features You Need to Try!
eclipse boost space economy growth
Eclipse Buzz Aims to Boost Thriving $500B Space Economy
Spotify's New 'Music Pro' Add-On
Spotify's New 'Music Pro' Add-On May Include Lossless Audio
Tesla Cuts Monthly Self-Driving Sub Costs
Tesla Cuts Monthly Self-Driving Sub Costs: Grab the Deal!

HEALTH

Williams Syndrome Famous People
5 Famous People in the World Dealing With Williams Syndrome [2024 Update]
5 Reasons You Should Go for Facelift Surgery
5 Reasons You Should Go for Facelift Surgery
E-Cigarettes Raise Heart Disease
E-Cigarettes Raise Heart Disease Risk by 20%, Says New Study
Natural Remedies for Common Health Issues
The 15 Best Natural Remedies for Common Health Issues
Respite Care
What To Expect During A Respite Care Stay?