Twitter 's (NYSE: TWTR) decision to sell itself to Elon Musk for $54.20 a share likely disappointed many long-term investors.
The social media company went public at $26 per share on Nov. 7, 2013, and its stock started trading at $44.90. Therefore, investors who bought Twitter's stock on the first day waited eight and a half years for a takeover bid which was only 20% higher than its opening price. The S&P 500 rallied nearly 140% during that same time frame.
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For further details see:
These 2 Social Media Stocks Won't Suffer Twitter's Fate