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Elon Musk "terminated" his deal with Twitter on three grounds. Twitter argues Musk doesn't have these grounds and should fulfill his obligation to close the deal. New facts released in the Twitter suit seem to strengthen Twitter's position. My read of the situation - Musk will...
Twitter Inc ( NYSE: TWTR ) shares have upside to $52 that translates to about a 45% increase in the stock price, says Barton Crockett. He’s a Senior Research Analyst at Rosenblatt Securities. Twitter has a better chance of winning against Elon Musk Interestingly, he h...
A new regulatory filing shows that the U.S. Securities and Exchange Commission raised questions about Elon Musk's commitment to his $44B acquisition of Twitter ( NYSE: TWTR ) almost two months before Musk said he was scuttling the deal. The Thursday filing includes a lette...
Stock Market Today Mid-Morning Updates On Thursday, the Dow Jones Industrial Average is down by over 590 points as major banks begin reporting their earnings. This would allow investors insight into the state of the economy as they also weigh together monetary policy from the ce...
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...
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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...