Traders will obtain $54.2 for every Twitter share they personal, the corporate stated in an announcement Monday. The worth is 38% greater than the inventory’s shut on April 1, the final enterprise day earlier than Musk disclosed a major stake within the firm, sparking a share rally.
??♥️ Yesss!!! ♥️?? https://t.co/0T9HzUHuh6
— Elon Musk (@elonmusk) 1650915802000
Twitter shares had been halted for the information. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital city sq. the place issues important to the way forward for humanity are debated,” Musk stated within the assertion.
“Twitter has large potential — I stay up for working with the corporate and the neighborhood of customers to unlock it.” “Twitter has a function and relevance that impacts your entire world,” its CEO Parag Agrawal tweeted.
“Deeply pleased with our groups and impressed by the work that has by no means been extra necessary.”