Twitter’s messaging platform had about 217 million daily active users as of Dec. 31, 2021, up 13% from a year earlier. The company generated $1.57 billion in revenue during Q4 2021—a 22% increase from the same quarter in 2020. Twitter is appointing Tesla CEO Elon Musk to its board of directors, according to a filing with the US Securities and Exchange Commission. Twitter’s classified board system places members in overlapping terms, helping to prevent https://dotbig.com/markets/stocks/TWTR/ a newly-appointed board member from gaining control of the company right away. Musk’s popularity with retail investors was one of the reasons why Twitter agreed this week to offer him a seat on its board of directors, people familiar with the matter said. Sign Up NowGet this delivered to your inbox, and more info about our products and services. Unlike Alphabet parent Google or Facebook parent Meta Platforms , Twitter has only one share class.
- We collected the twitter feeds for six months and got a randomized subsample of about one hundredth of the full volume of all tweets.
- It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.
- The stake is worth $2.89 billion, based Twitter’s closing price Friday.
- To calculate, start with total shares outstanding and subtract the number of restricted shares.
- Live educational sessions using site features to explore today’s markets.
Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous twtr stock price today report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.
Elon Musk Named To Twitters Board He Cant Own More Than 149% Of The Stock
Twitter 2021 shares outstanding were 0.798B, a 1.23% increase from 2020. Woman hand typing on keyboard laptop with mobile smartphone,… Women’s hand typing on mobile smartphone, Live Chat Chatting on… Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, twtr stock price and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
At the same time, such news will continue to gather attention to, and possibly increase, users and their engagement on the platform, attracting more ad dollars. In reaction to Musk’s filing, Twitter shares are up more than 20% but remain below our $58 fair value estimate. Its application https://dotbig.com/ provides social networking services and micro-blogging services through mob… Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares.
Weekly Wrap: Market Uncertainty, Stocks To Watch, And Top Small
But it’s safe to assume Twitter management can’t be thrilled with the move – not after Musk has tweeted so much criticism of the company’s policies and priorities. A CEO change and a sell-off among growth stocks hit the social media company’s share price. The $152 million inflow to the stock on Monday was the largest among all stocks and ETFs on U.S. exchanges for the day. Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to a Securities and Exchange Commission 13G filing released Monday. The stake is worth $2.89 billion, based Twitter’s closing price Friday. NEW YORK, April 6 – Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc (TWTR.N) shares as soon as he heard that Elon Musk had become the social media company’s largest shareholder. OutspokenTeslaCEO Elon Musk purchased a giant stake inTwitterthat makes him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failureto uphold the tenets of free speech.
Twitter developer Glass had previously created a venture called Odeo, a failed pioneer in podcasting. He teamed up with the other three to build Twitter from the ashes of that venture. Get stock recommendations, portfolio guidance, and more from The Motley DotBig Fool’s premium services. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Sign up to our tech newsletter to get the latest news and trends in the global technology industry.
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Specifically, Musk could seek to influence the openness of the platform and how it controls content or push to invest in the subscription model more aggressively as it has with Twitter Blue. In different tweets Musk has implied that he thinks the platform limits free speech and that a new one must be created (with agreement from more than 70% of https://www.us.hsbc.com/ over 2 million Twitter users that responded to a poll he posted). Musk has already indicated that he did not agree with the appointment of Agrawal and that he desires some changes. This creates a bit more uncertainty about how Agrawal and the firm may respond to the firm’s now largest shareholder, which supports our very high uncertainty rating.
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After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Shares outstanding can be defined as the number of shares held by shareholders assuming conversion of all convertible debt, securities, warrants and options. This metric excludes the company’s treasury shares.Twitter shares outstanding for the quarter ending December 31, 2021 were 0.865B, a 9.79% increase year-over-year. This paper describes early work trying to predict stock market indicators such as Dow Jones, NASDAQ and S&P 500 by analyzing Twitter posts.