TWTR - TWTR STOCK NEWS

On September 13, 2022, Twitter stockholders approved the merger agreement with Elon Musk's affiliates at a price of $54.20 per share. Approximately 98.6% of votes supported the acquisition, satisfying the final condition to close the merger. Despite Musk's attempts to terminate the agreement, Twitter maintains that the termination is invalid. To enforce the agreement, Twitter has initiated legal proceedings in the Delaware Court of Chancery, aiming to compel Musk to complete the transaction as per the agreed terms.

Talkwalker and Twitter analyzed over 16.2 million cost-of-living conversations, revealing significant consumer concerns about rising costs. Among Twitter users aged 25-34, there was a marked increase in discussions regarding expenses, particularly related to gas and heating. The report highlights that 79% of conversations focus on essential costs, pushing brands to adjust strategies to resonate with consumer sentiment. Insights indicate shifts in consumer buying habits, with a growing demand for empathetic brand communication as people seek community support and advice during the cost-of-living crisis.

Twitter, Inc. (TWTR) reported Q2 2022 revenue of $1.18 billion, down 1% year-over-year, amid advertising challenges and pending acquisition by Elon Musk. Monetizable daily active users (mDAU) increased 16.6% to 237.8 million, with a 2% rise in advertising revenue to $1.08 billion. However, costs surged 31% to $1.52 billion, leading to a net loss of $270 million and an operating loss of $344 million. The company is engaged in litigation with Musk over the acquisition terms, with a trial expected in October 2022.

On July 8, 2022, Twitter (NYSE: TWTR) received a notice from Elon Musk indicating a purported termination of their acquisition agreement. In response, Twitter's Board reaffirmed its commitment to completing the transaction at the agreed price of $54.20 per share and announced plans for legal action to enforce the merger agreement. The Board expressed confidence in prevailing in Delaware's Court of Chancery. The company continues to update stockholders about the ongoing situation and future meetings related to the acquisition.

Twitter, Inc. (NYSE: TWTR) announced the expiration of the Hart-Scott-Rodino waiting period regarding Elon Musk's acquisition offer of $54.20 per share in cash. This expiration occurred at 11:59 p.m. EDT on June 2, 2022, a prerequisite for closing the acquisition. The completion now hinges on other customary conditions, including stockholder approval and regulatory approvals. Twitter has filed a proxy statement with the SEC related to this transaction. Stockholders are encouraged to review the proxy documents for important information.

Twitter, Inc. (NYSE: TWTR) has filed its preliminary proxy statement with the SEC regarding its acquisition by Elon Musk's affiliates for $54.20 per share in cash. The company aims to finalize the transaction promptly, pending stockholder approval and regulatory clearances. The statement outlines the transaction's background and rationale. It emphasizes the importance of stockholder participation in the upcoming Special Meeting, where a definitive proxy statement will be distributed, highlighting critical information regarding the acquisition.

Twitter, Inc. (NYSE: TWTR) reported Q1 2022 revenue of $1.20 billion, reflecting a 16% increase year-over-year despite challenges from the Ukraine war. Advertising revenue grew 23% to $1.11 billion, while subscription income fell 31%. The company posted an operating loss of $128 million due to a 35% rise in costs, contrasted with a $52 million operating income last year. Notably, net income soared to $513 million, driven by a $970 million gain from the MoPub sale. Average mDAU reached 229 million, up 15.9%, with a $4 billion share repurchase program underway.

Twitter, Inc. has entered into a definitive agreement to be acquired by an entity owned by Elon Musk for $54.20 per share, valuing the transaction around $44 billion. This acquisition represents a 38% premium over Twitter's share price prior to Musk's stake disclosure. The board unanimously approved the deal, which aims to enhance Twitter's features and trustworthiness. Musk has secured $25.5 billion in debt and margin loans plus $21 billion in equity financing. The closing is expected in 2022, pending regulatory and stockholder approvals.

Twitter, Inc. (NYSE: TWTR) announced a limited duration shareholder rights plan on April 15, 2022. This initiative aims to protect shareholders by preventing any entity from gaining control without proper compensation. The plan triggers if an entity acquires 15% or more of Twitter's common stock without Board approval, allowing existing shareholders to purchase additional shares at a favorable market value. The Rights Plan will expire on April 14, 2023, and additional details will follow in a Form 8-K filing with the SEC.