Twitter Debacle
Twitter is offiicially unlisted from the stock market. What happens to the holders of twitter shares? I believe they were converted to some holding company. Somebody enlighten me please.
$Twitter (Delisted)(TWTR.US$
$Twitter (Delisted)(TWTR.US$
Twitter will be removed from the S & P 500. According to the NYSE announcement, Twitter will be suspended on Friday as Musk is nearing completion of the acquisition.
Media: Musk immediately fired several executives, including CEO, after completing the $44 billion acquisition of Twitter.
Tesla, Inc. CEO Musk has completed a $44 billion deal to privatize Twitter and is in charge of the company, according to media reports. According to the Washington Post, Musk's first move after completing the acquisition was to fire a number of executives, including Twitter CEO Parag Agrawal, CFO Ned Segal and trust and security director Vijaya Gadde, according to three people familiar with the matter. Parag Agrawal and Ned Segal are reported to have left the company's headquarters in San Francisco.
Musk will be taking Twitter private. It will not be publicly traded again until 2025.
Insider: Musk plans to lift the permanent ban on Twitter users
Musk will be taking Twitter private. It will not be publicly traded again until 2025.
Insider: Musk plans to lift the permanent ban on Twitter users
Musk plans to lift the permanent ban on Twitter users, according to people familiar with the matter. This means that people who have previously been kicked off the platform may be allowed to return, but it is not clear whether this includes former President Donald Trump
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doctorpot1 : as Elon is buying it for $54.20. so all shares just become $54.20. same with the options, all deliverables will become $5420 instead of 100 shares.
straightforward Jack : My shares are gone, and cash value put into my account. Given the problems with Twitter since I purchased it, I'm not sad to see it go!
Revelation 6 straightforward Jack: I'm glad it worked out for you then. He always seems to have that Midas touch though.