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Elon Musk is pulling out of the deal with Twitter. He may, however, have to pay a $1.0B tax-deductible break-up fee. While a prolonged court battle about the take-over may loom, an acquisition is now highly unlikely. New bot account disclosures could lead to a decline in advertisi...
Twitter ( NYSE: TWTR ) experienced a widespread outage Thursday, wide reports of users receiving error messages and pages not loading across the social-networking service's various platform. The Downdetector site, which tracks reports of outages with major online servi...
Twitter ( NYSE: TWTR ) shares rose on Thursday, as investment firm Rosenblatt upgraded the social network, just days after one of the firm's analysts said it could fall to $11 per share. Analyst Barton Crockett raised his rating on Twitter ( TWTR ) shares to buy with a $...
Twitter is down almost 50% over the past year. The shares are in turmoil in response to Elon Musk's actions. The Wall Street consensus rating is neutral, with modest upside relative to the risks. The market-implied outlook (derived from options prices) is tilted to favor a goo...
A Millennium Management trading pod is said to be shutting down after some bets on mergers and acquisitions such as Twitter ( NYSE: TWTR ) performed badly. East53 Capital, one of hedge fund Millennium's more than 270 pods, is closing down and its senior portfolio manager Mau...
Twitter ( NYSE: TWTR ) Chief Executive Parag Agrawal has told company employees to expect a lot of "distracting" speculation about their future in the coming weeks now that Twitter ( TWTR ) has filed suit against Elon Musk in an effort to force him to adhere to his $44B acqu...
Stocks slipped on Wednesday after June inflation data hit its highest level since 1981, adding to growing fears that the Federal Reserve will get more aggressive in its fight to tame rising prices. The Dow Jones Industrials sank 208.54 points to 30,772.79. The S&P 500 lost 17.02...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Venture capital is gathering big-time lately – and even China seems to be jumping on the Web3 train! Plus, a crypto security firm sounds the alarm on phishing scams. Let’s see how investors can proceed with ca...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s been a difficult year for special purpose acquisition companies (SPACs). They were recently dealt another blow by one of the most prominent names in the SPAC community. Noted investor Bill Ackman of Pershing Sq...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Rokas Tenys / Shutterstock.com Fans of Twitter (NYSE: TWTR ) stock are at a crossroads today ahead of a potentially lengthy legal battle with Elon Musk. Recently, the Tesla (NASDAQ: TSLA ) CEO uncere...
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2023-07-24 06:39:41 ET The little-known X token is riding on Elon Musk’s Twitter, Inc. ( NYSE:TWTR ) rebrand to X.com. It registered a monster 4004% surge in the early hours of Monday morning before pulling back. Although the token had dropped by more than 3000% in the past f...