what is the price of twitter

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  2. Upgrading your subscription on the same day will not affect your ads revenue share.
  3. Barchart loads a number of sample templates into the site when you are logged in.
  4. Elon Musk’s idea for a subscription model to pay for Twitter’s sought-after blue check is «completely flawed,» Europe’s competition chief told CNBC Wednesday.
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What has the takeover meant for TWTR?

what is the price of twitter

The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. The spam bot issue culminated in a termination letter sent by Musk’s representatives to the company on 8 July and disclosed in an SEC filing. Skadden attorney Mike Ringler claimed that “Twitter has not complied with its contractual obligations”. Musk countered the poison pill provision by making an offer to shareholders directly for them to tender their shares, despite opposition from the board. On 31 March, a filing with the SEC by fund management giant Vanguard showed it was the company’s largest shareholder, with a 10.29% stake in Twitter. Shortly after taking control of the company, Musk reportedly fired several top executives, including head of legal policy, trust and safety Vijaya Gadde, chief financial officer Ned Segal and CEO Parag Agrawal.

Twitter, Inc. Stock

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About MarketBeat

Twitter’s stock has declined nearly 20% between Musk first made the offer to buy the company in April, and July 8, when he formally announced he was pulling out of the deal. Part of this decline was fueled by a larger downturn in the market over the past few months, which has included a massive selloff in tech stocks that began in May. Tech entrepreneur Elon Musk announced his intention to withdraw from his widely publicized $44 billion takeover attempt of social media platform Twitter, a deal he signed off on in April. X used to be a public company from 2013 to 2022 when it was purchased by Elon Musk and delisted from the New York Stock Exchange. Today, it is a privately held company, and the general investing public cannot invest in it directly.

There’s no two ways about it; this move is obviously so Twitter can make money. Despite advertising and data licensing efforts, the social media company has been transparent about its need for more revenue, and it’s confident this can help. On 8 November, Musk unveiled ‘Twitter Blue’ a paid verification system under which, for $8 a month, any user on Twitter could purchase a blue check mark, usually reserved for the accounts of high profile individuals or groups. The plan later had to be revised to address users taking advantage of the check mark to impersonate high profile accounts. Following the completion of Musk’s acquisition, TWTR was delisted from the New York Stock Exchange (NYSE) as the company went private.

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Musk then changed his mind about the deal, accusing the company of misleading the public about the number of automated accounts – known as ‘spam bots’ – active on its platform. Verified Organizations is a subscription for businesses, governments and nonprofits on X which comes with a gold or grey checkmark, affiliation badges, premium support, impersonation defense and more features for organizations. New subscriptions to Premium are available globally on web, iOS, or Android.

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