Elon Musk closed his $44 billion deal to buy the social media service on Thursday night. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, twtr stock price today national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Twitter is a social networking platform that allows its users to send and read micro-blogs of up to 280-characters known as “tweets”.
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Twitter’s board countered Mr. Musk’s offer with a defense mechanism known as a “poison pill.”This well-worn corporate tactic makes a company less palatable to a potential acquirer by making https://dotbig.com/ it more expensiveto buy shares above a certain threshold. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Here’s what happens to Twitter’s stock now that it’s a private company
31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Twitter in the last year. There are currently 2 sell ratings, twitter stock price today 25 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TWTR shares.
- Magnachip had a very small U.S. footprint, including a Delaware registration and a New York Stock Exchange listing, but that was considered to be sufficient to meet the “interstate commerce” threshold of CFIUS jurisdiction, and a review was carried out.
- News that the deal was finalized broke Thursday evening, following a six-month roller-coaster of wrangling between Musk and Twitter.
- It would be entirely consistent, therefore, for the Biden administration to use the CFIUS process at the very least to scrutinize, modify, or even block the Musk-Twitter deal.
- Amid layoff fears, some Twitter employees were instructed to print out copies of the code they had written recently as possible proof of work, said two people with knowledge of the situation.
- Other investors who provided money for Mr. Musk’s Twitter deal — including the venture capitalist David Sacks — also held meetings at the company on Friday, two people said.
Twitter also suspended a Saudi official, Saud al-Qahtani, for being directly involved in Washington Post journalist Jamal Khashoggi’s death and being an instrumental player in Saudi Arabia’s digital media operations targeting critics. If the Saudi regime retains its stake in Twitter, especially in the unmoderated form Musk has indicated Twitter will take, it is possible that it will not only resume these campaigns, but also use the the platform itself to make its propaganda more effective. Meanwhile, the Qatari and Saudi investors in Musk’s Twitter deal are directly tied to their respective https://dotbig.com/ national governments, a further point of concern for CFIUS investigation and likely triggering a mandatory CFIUS filing under FIRRMA regulations. Starting with the numbers, Figure 2 charts the rate at which CFIUS notices are investigated, have mitigation measures imposed, or are rejected outright, either by CFIUS or by the president. Under Trump, there was an initial spike in the rate of investigations, which rose to over 70% in 2017, but quickly came down to under 50% by 2019. In President Biden’s first year, the rate of investigations remained relatively unchanged at a little under 50%.
Twitter, Inc. (TWTR)
The risk to national security appears significant, with possible unchecked influence of adversarial governments in play as well as the possibility of providing access to the personal information of millions of Americans to these foreign entities. Further, the acquisition could potentially provide a platform for increased foreign meddling and the dissemination of misinformation and “fake news” on Twitter that could have devastating consequences for American democracy and our national security. Further, a retroactive investigation has reportedly been opened into the acquisition of Musical.ly by the Chinese company ByteDance, the maker of TikTok, for the same reasons. In this case, however, it appears that CFIUS may impose mitigation measures for the protection of U.S. citizens’ data rather than retroactively reverse the deal entirely.
Tesla was granted an exemption to the 10% purchase tax in China as well, in addition to discounted land, loans, and subsidies. Tesla also relied on state support to reopen its plant amidst a COVID-19 lockdown. The Shanghai plant has the highest production of any of Tesla’s locations, accounting for over half of Tesla’s 2021 deliveries. Around 40% of Tesla’s annual production capacity is now in Shanghai, as DotBig shown in Figure 3. If he were buying Twitter on his own, the deal may have fallen outside CFIUS’s jurisdiction. However, the involvement of foreign minority investors may subject the entire deal to CFIUS scrutiny. On October 20, Bloomberg reported that Biden administration officials were discussing having CFIUS review Musk’s acquisition of Twitter, specifically citing concerns over Musk’s stance on Russia.
Chinese investments in the U.S., which peaked at $45 billion in 2016, were a substantial part of this increase. Both declarations and notices include information about the transaction and the businesses involved. Transactions involving U.S. financial and technology sectors accounted for the highest portion of these declarations and notices. MarketBeat empowers DotBig individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock.
The influence of Twitter in U.S. elections
Around a quarter of American adults say they use Twitter, according to a Pew survey. For each user, the company typically has a plethora of personal information, including direct messages, which are not end-to-end encrypted , IP addresses, cookie information, and browsing histories. Also during the Trump administration, CFIUS raised concerns about personally-identifiable-data jurisdiction in its evaluation of investment in Grindr, a dating application for the LGBTQ community, by the Beijing Kunlun Company, which led to its divestment from Grindr. On similar grounds, CFIUS blocked the sale of MoneyGram, twitter stock news a U.S.-based money transfer company, to the China-based Ant Financial, and the divestiture of a majority stake in PatientsLikeMe, a U.S.-based health data company, by China-based iCarbonX. The effect of the Exon-Florio amendment and presidential delegation, greatly expanded the role of CFIUS from just monitoring and evaluating foreign direct investment in general to advising the president on individual transactions which could result in foreign control of U.S. firms. In 2007, Congress codified CFIUS’s authority in these matters in the Foreign Investment and National Security Act of 2007.
Recent CFIUS Reviews
Twitter, Inc. is a social networking company that connects a user to a network of people, ideas, news, opinions and information. Users of the company’s platform post and interact in real time, with messages known as tweets. The scope of https://dotbig.com/markets/stocks/TWTR/ CFIUS is limited to businesses that engage in interstate commerce, in addition to any foreign entities and any transaction that may result in “control” of a U.S. business, whether through acquisitions, leases, or other investments.
This month, the Focus List additions are Moderna Inc ; Lockheed Martin Corp. ; Verizon Communications Inc ; Adobe Inc and the Focus List deletions are Arista Networks Inc ; Danaher Corp. ; L3Harris DotBig Technologies Inc ; Twitter Inc . Real-time analyst ratings, insider transactions, earnings data, and more. 31 Wall Street research analysts have issued 1-year target prices for Twitter’s stock.
Twitter Numbers
A list of donors can be found in our annual reports published onlinehere. The findings, interpretations, and conclusions in this report are solely those of its author and are not influenced by any donation. Specifically related to Twitter, in 2018, the Saudi government flooded Twitter with thousands of bots tweeting messages favorable about Saudi Crown Prince Mohammed bin Salman, accounts that Twitter subsequently suspended.