Twitter Stock Price & Live Chart
The Twitter stock price has been on a roller coaster ride in recent years since going public at $26 per share in 2013. The stock price peaked at over $70 per share in early 2014, before falling sharply, and by early 2016 was trading below $20 per share.
Since then, the Twitter share price has recovered somewhat, and is currently hovering around $40 per share currently. By and large, Twitter has missed the huge increases that were seen across so many US tech stock contemporaries, with many analysts unable to see where the road to more optimal commercialization of the platform is going to come from.
Twitter in brief
Twitter is a social networking platform that allows users to send and receive short text-based messages, called “tweets.” Twitter was founded in 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams. The company went public in 2013, and today has more than 200 million monthly active users.
Twitter is built on the idea of “micro-blogging,” or sending short messages that are limited to 140 characters. These messages can be sent directly to other users, or they can be broadcast publicly for anyone on the internet to see.
One of the main drivers of Twitter’s growth has been celebrities and public figures sharing their thoughts and insights with their followers. Over the years, many high-profile individuals have joined twitter, including Elon Musk, Mark Zuckerberg, Oprah Winfrey, Barack Obama, and Ellen DeGeneres.
As a result of this increased exposure, millions of people all over the world now use Twitter every day as a way to connect with each other and stay up-to-date on news and current events.
Twitter controversy never seems to be too far away
Despite its popularity, Twitter has not been without its’ fair share of controversy. In recent years, the platform has been criticized for its role in the spread of fake news, for silencing Donald Trump, and for not doing enough to combat harassment and abuse.
Whether you agree or disagree with any of these policies, Twitter remains one of the most popular social networking platforms in the world, and shows no signs of slowing down anytime soon.
Elon Musk Twitter
Elon Musk is the CEO of Tesla and SpaceX, two of the most high-profile companies in the tech industry. He has used Twitter extensively to share updates about both his businesses, as well as broader topics related to space exploration and sustainability. Musk’s Twitter account has over 96 million followers, making him one of the most followed individuals on Twitter.
His tweets have also garnered a significant amount of attention, with many becoming news stories in their own right. For example, during a Q&A session on Twitter in 2015, he revealed that he hoped to see humans living on Mars by 2025, and in more recent times, the Elon Musk Twitter account has been awash with cryptocurrency chatter.
With all the talk of Dogecoin, Shiba Inu, and even Bitcoin, many a crypto enthusiast were left hanging on every word Elon Musk put out, even trying to ‘decode’ messages to boost their chosen tokens demand.
Twitter Takeover Bid
Despite its growing popularity, Elon Musk’s Twitter account was briefly suspended back in 2018 after he made a series of jokes about Tesla going bankrupt. The account has long since been reinstated with talk in recent times more surrounding the Elon Musk Twitter takeover bid.
The proposed buyout of Twitter by Elon Musk is not taking a smooth trajectory, with recent talks of the Worlds richest man discount hunting by declaring a lack of transparency over the volume of bot accounts on the platform.
With the buyout agreed at a price of $54.20, or $44billion overall, it is clearly not smooth sailing projected, with the current Twitter stock price sitting at just $40.16, or almost 30% from the agreed level.
Such a disparity in price after an agreement is reached is a clear indicator that the market does has more questions at this stage than they would like. Take a look at the technicals, and the fundamentals before making a call, and keep your stop losses set. With the previous Twitter stock price level before talks of a takeover closer to $33, this is one that has some scope to run either way.