Elon Musk says Twitter Blue will cost $8 and be required for verification

X used to be traded on the New York Stock Exchange as Twitter (TWTR), but it does not have its own stock anymore. Upon acquiring X, Musk stated that he planned on making the company public again in the next three to five years. How likely that is is hard to tell, and there have been no recent developments or statements issued by the company management. X, then Twitter, was created and launched in 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams.

In other words, when ATR is chosen, Reversal is disabled and if Traditional is chosen, the Period is disabled. Links are provided at the top of the chart to allow you to quickly change the aggregation and time frame. The + to the right of the Quick Chart links allow you to further fine-tune the aggregation (Intraday, Daily, Weekly, Monthly, Quarterly) along with the period you wish to display.

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Click the Pop-out icon at the top right corner of the chart, then use the “Mode” button to toggle between light and dark theme. The graph can be changed using the menu next to the Symbol box, by opening the Settings icon and selecting the Display tab, or by right-clicking on the chart, and selecting Display Options / Bar Type. The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of lon… Tweaks to Twitter Blue are likely only the start of the changes Musk has planned for Twitter. According to The New York Times, Musk has ordered company-wide layoffs that could affect as much as 50 percent of Twitter’s 7,500-person workforce.

Chart zooming allows you to change the scale level on the chart (magnify the area shown). To zoom the chart, drag and drop either the time scale at the bottom, or the price scale at the right. To reset a chart that’s been zoomed, double-click on the time scale or the price scale (whichever needs to be reset). Election misinformation is spreading across social media platforms like Twitter and Meta Platform’s Facebook, as the vote count for the U.S. midterm elections continued on Wednesday in key battlegroun… The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

It dropped to $44.48 on 12 April but rallied again and reached $51.70 on 25 April, when Musk made his acquisition offer. The price trend came under pressure as investors questioned how the company could increase revenue from its millions of users, with further bearish sentiment coming from the broader sell-off in technology stocks so far in 2022. On 5 October, less than two weeks before Musk and Twitter were scheduled to go to trial, Musk sent a letter to Twitter asking to revive his offer to purchase the social media giant for the original price of $54.20 a share.

The plan later had to be revised to address users taking advantage of the check mark to impersonate high profile accounts. The share price ticked back above $40 at the end of May, but doubts about the deal continued. The stock dropped by more than 5% to close at $36.81 on 8 July, a response linked to news that Musk had officially terminated his plans to acquire the company. TWTR stock price spiked from $38.69 a share at the end of March to $50.98 on 5 April after Musk bought his stake in the company.

1. However, investors can seek alternative investment options by either investing in some of Elon Musk’s other companies or by buying shares in other social media platforms, such as Meta (Facebook and Instagram), Snapchat, and others.
2. The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement.
3. A poison pill is a shareholder rights plan that gives a company’s existing shareholders the right to buy new shares at a discounted price, which serves to dilute the ownership interest of the hostile party and possibly thwart their takeover.
4. To avoid further charges, cancel your Premium subscription at least 24 hours before the auto-renewal period.
5. X used to be traded on the New York Stock Exchange as Twitter (TWTR), but it does not have its own stock anymore.

Change the symbol either by entering a new symbol in the chart form, or by entering a new symbol in the Search box at the top of the page. While logged into the vintage fx site, you will see continuous streaming updates to the chart. Designation confers authenticity on the account and differs from the for-purchase blue check mark.

Musk claimed the changes to Twitter Blue would also give the company a way to support content creators. On Monday, the owner of Nibellion, one of Twitter’s most prolific and popular gaming news accounts, said he was abandoning the platform, citing Musk’s takeover of the company and the difficulty he encountered monetizing his work. Following the completion of Musk’s acquisition, TWTR was delisted from the New York Stock Exchange (NYSE) as the company went private. This was a rise of of 23% year-to-date (YTD) but a fall of 30% from its 2021 all-time high. TWTR dropped again, from $49.02 at the end of April to $35.76 on 24 May as Musk began to make comments that he would not move forward with the deal unless Twitter provided data proving that spam accounts make up less than 5% of its users. Ringler also claimed that Twitter repeatedly failed to provide Musk with the information he had requested.

Today, the site boasts an annual revenue of around $3 billion and platforms a number of public figures, politicians, organizations, and governments, having become somewhat of a public utility in the eyes of many. In 2022, its global market share grew by 55%, while Facebook, for example, saw a 12% loss. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity.

Elon Musk took over a struggling business with Twitter and has quickly made it worse

Also use this menu to remove studies that have already been applied to the chart. By default, a Point & Figure is set to the Close price, Box Size Method of Average True Range (ATR) with a Period of 14. By default, a Kagi chart is set to use Average True Range (ATR) with a value of 14. You may set a custom date range for a specific aggregation by clicking the Calendar icon. First, choose whether you want to see Intraday, Daily, Weekly, Monthly, or Quarterly, then choose “Date” from the period drop-down list.

On Wednesday, new Twitter CEO Elon Musk abruptly ended a new project on his social media platform. “I have miscalculated the value of my Twitter activity and realize that it is nothing worth supporting by itself for the vast majority of people,” Nibel said. “It is not me who is popular, but it is that work that is useful. It is not valuable by itself, but a comfortable timesaver, and I get that now.” Accounts like Nibel are the lifeblood of Twitter. While they only represent about 25 percent of the user base, they account for more than 97 percent of tweets you see on the platform. Later that month, Twitter reinstated all formerly banned accounts, including that of former US President Donald Trump.

The $3 jump from Blue’s current $5 per month fee amounts to a 60 percent price increase. Whether or not Elon Musk tries to back out of the deal or renegotiate the price, there is still the question as to what Twitter is worth given it’s tepid financial performance and the recent market downturn, particularly with technology stocks. And management gave no clue as to whether or not their bullish forecast included a recession, which would have a significant negative impact on ad revenue. On 8 December, Musk put up a poll on his Twitter account asking his followers if they believed he should step down as the head of the social media company. Though the numbers were close, the poll closed with 57.5% of the votes being for ‘yes’.

More recently, he said Twitter is worth less than half what he paid for it. It’s unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from the company. Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. A template is used to display a chart with pre-defined settings, such as aggregation, bar type, studies, and more.

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On 27 October, following the finalisation of the aqcuitision, the Tesla CEO tweeted an open letter to Twitter advertisers outlining the direction he wanted the social media site to go in, though he didn’t detail any concrete plans for the future. Musk was expected to make changes to the platform that would no longer require shareholder approval or be subject to concerns about the impact on the share price. “As was the case with your 8 July 2022 purported notice of termination, the purported termination set forth in your August 29, 2022 letter is invalid and wrongful under the agreement,” the company wrote in a letter filed with the SEC. The company argued that Musk was attempting to “escape a merger agreement that Musk no longer found attractive once the stock market – and along with it, his massive personal wealth – declined in value”. Twitter would have allowed shareholders to buy shares if Musk acquired a 15% stake, as more than 15% would give him control of the company.

X Premium simply offers an opt-in layer of customization for your X experience. Please log in to your account or sign up in order to add this limefx asset to your watchlist. First Trust S-Network E-Commerce ETF holds 5,244 shares of TWTR stock, representing 1.70% of its portfolio.

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When charting a U.S. or Canadian equity, the Studies menu also displays Fundamentals which can be plotted as either quarterly or annual data. Kagi parameters are found by opening “Settings”, and opening the Symbol tab where the bar etoro disadvantages type for the chart is found. When using “ATR” as the Box Size Method, the Reversal parameter is ignored and the ATR Period is used instead. When using “Traditional”, you must then decide the Reversal Amount (price movement) to use.