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The SEC said that at the expense of unsuspecting investors, Musk instead bought more than $500 million of Twitter shares at artificially low prices before finally revealing his purchases on April ...
The price of $54.20 per share is believed to be a reference to 420, a slang term in cannabis culture for marijuana consumption. [25] On April 15, Twitter's board of directors announced a "poison pill" strategy which would allow shareholders to purchase additional stock in the event of a hostile takeover; the plan expired on April 14, 2023. [26]
Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15] On October 4, Musk announced his intention to purchase the company as he had agreed, for $44 billion, or $54.20 a share; [16] the agreement closed on October 27.
Twitter shares fall in price by about 18% based on their disappointing quarterly revenue ($436 million), earning, and user growth numbers. [112] [113] [114] The drop begins even before Twitter's official announcement because the results are scraped by financial intelligence firm Selerity from Twitter's website. [115] [116] 2015: May 18: Product
Twitter Inc forecast that revenue in the first quarter would be weaker than expected while full-year operating costs would rise, sending shares down more than 10 percent in midday trading on Thursday.
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Price (USD) Category Background information References 1 July 15, 2008: Summize Social search US: Summize was a search engine founded by Jay Verdy. [1] Using Twitter stock to fund the takeover, Twitter announced in July 2008 it had acquired Summize. Summize had six employees, all of whom joined Twitter except for Verdy. [1]
Twitter shares could hit $50 this time next year, according to Suntrust Robinson Humphrey's Rob Peck. Initiating the stock at a buy, the analyst believes the social network has jolly days ahead. Rob