Company Of The Day: Twitter

April 5th, 2022 by Trefis Team
45.08
Trefis
TWTR: Twitter logo
TWTR
Twitter

What?

Per SEC filings, Tesla CEO Elon Musk has acquired a 9% passive stake in Twitter (NYSE:TWTR), valued at close to $3 billion as of Friday’s closing.

So What?

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Although it isn’t clear what Mr. Musk is planning to do with his stake, Twitter investors like the developments, with the stock rising 27% in Monday’s trading.

See Our Complete Analysis For Twitter

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