{"id":3099,"date":"2023-03-18T08:21:48","date_gmt":"2023-03-18T07:21:48","guid":{"rendered":"https:\/\/www.ceoinfluencers.com\/?p=3099"},"modified":"2023-03-18T08:21:48","modified_gmt":"2023-03-18T07:21:48","slug":"how-much-did-elon-musk-pay-for-twitter-stock","status":"publish","type":"post","link":"https:\/\/www.ceoinfluencers.com\/how-much-did-elon-musk-pay-for-twitter-stock\/","title":{"rendered":"How much did elon musk pay for twitter stock?"},"content":{"rendered":"

In 2018, Tesla and SpaceX CEO Elon Musk paid $24.7 million for 33,410 shares of Twitter, boosting his stake in the social media company to 5%. The purchase makes Musk one of Twitter’s largest shareholders.<\/p>\n

Elon Musk paid $12.5 million for Twitter stock.<\/p>\n

How much did Elon Musk spend on shares of Twitter? <\/h2>\n

According to the latest updates, Musk has committed $335 billion to equity, including his 96% stake in Twitter, which is worth $4 billion, and the $71 billion he has secured from equity investors, including Oracle Corp co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal. This is a significant development that could help Musk achieve his goals of taking Tesla private and expanding his space exploration company, SpaceX.<\/p>\n

That was one wild ride! Twitter stock ended Thursday at $5370, its last closing bell before Elon Musk took over. Mr Musk paid $5420 per share – a price that many considered far too rich.<\/p>\n

What happens to Twitter stock if Elon buys <\/h3>\n
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If Elon Musk’s purchase of Twitter closes, Twitter shareholders will receive $5420 in cash for each share, and the company will become private. This would be a great outcome for shareholders, as they would receive a significant premium on their investment. However, it is unclear at this time if the deal will actually close, as there are still some hurdles to overcome.<\/p>\n

When a publicly traded company is acquired and taken private, shareholders may be subject to capital gains tax. This tax is based on the sale of the stock, and is paid at the short-term or long-term capital gains rate.<\/p>\n

Why did Elon overpay for Twitter? <\/h2>\n

In a tweet on October 4, Jack Dorsey, the CEO of Twitter, said that buying Twitter would be an accelerant to creating the “X” app, a proposed all-in-one app modeled after China’s WeChat. He added that the acquisition could accelerate the app’s creation by up to five years. The “X” app would include everything from video chats and messaging to streaming and payments.<\/p>\n

Twitter’s annual revenue has been increasing over the past few years, but the company has only been able to report a positive net income in 2018 and 2019. This is due to the fact that Twitter has been investing heavily in capital expenditures in order to grow its business. As a result, Twitter’s net income has been negative in years where it has incurred large capital expenditures.<\/p>\n

Will Twitter stock get delisted? <\/h2>\n
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Twitter’s stock will be delisted from the New York Stock Exchange and its shares will no longer trade on public markets as of Nov. This means that the stock will no longer be available for purchase by investors, and Twitter will become a privately-held company. While this may be bad news for investors, it could be good news for the company, as it will no longer be under the microscope of public markets. Only time will tell how this will affect Twitter’s business.<\/p>\n

According to corporate lawyers, if Elon Musk takes Twitter private, the stock will likely stop trading on the New York Stock Exchange almost immediately after the proper documents are filed. Shareholders will receive $5420 per share of stock when all the paperwork is filed.<\/p>\n

Should you buy Twitter stock before Elon buys it <\/h3>\n

Iagree with Matthew Tuttle that investors should not buy Twitter. While the deal with Elon Musk may go through, there is still a lot of risk involved. The downside could be huge if it doesn’t, so it’s not worth the investment.<\/p>\n

There are a few reasons why a company may want to go private. One reason is that the company may be facing financial difficulties and going private may be a way to avoid bankruptcy. Another reason is that the company may be trying to avoid scrutiny from the public or shareholders. Finally, going private may simply be a way for the company to focus on long-term goals rather than short-term profits.whatever the reason, when a company goes private, it generally means that the company’s shares are no longer available for public trading. This can be a good thing or a bad thing, depending on your perspective. If you owned shares of the company, you may not be able to sell them unless you find a willing buyer who is willing to pay the same price you paid (or more). On the other hand, going private may help the company avoid financial difficulties and focus on long-term goals, which can be good for shareholders.