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Elon Musk Purchased a 9.2 Percent Stake in Twitter Stock and Forecast

Overview of Twitter Stock

Twitter is a technology business based in the United States that is listed on the New York Stock Exchange under the ticker symbol TWTR. It is well-known for being one of the most widely used social networking platforms. If you want to invest in the company’s stock, you’ll need to locate a broker that can provide you with access to the New York Stock Exchange (NYSE), which is where the company’s stock is traded on a daily basis (stay with us, we’ll get into this in a minute).

The fact that this is happening does not imply that Twitter is a good or a terrible company. It is possible that you will want to be reminded of what you are considering investing in as part of this example, though.

Let’s take a look at the steps!

Steps of Buying Twitter Stock

Okay so for your own reasons you have decided you’d like to acquire Twitter. That’s a solid start. Let’s see what remains ahead of you before you can formally declare that you are a shareholder of Twitter! The technique is relatively identical for any firm shares and again, we merely pick Twitter as an example.

Step 1: Is to Locate a Reputable Internet Broker

One of the distinguishing aspects of an online broker is the number of exchanges to which they have access. Because not all brokers have access to the NYSE, not all brokers are able to assist you in purchasing Twitter Stock. It goes without saying that you will require a broker in order to have access to this exchange.
A broker’s suitability for you is the second most significant consideration when choosing one. In addition to the fact that not all brokers enable everyone to register an account with them, some brokers are quite expensive if you only want to purchase a handful of Twitter Stock every now and then, while other brokers might be completely free.

Using our questionnaire, you may truly receive excellent tips on how to choose the most suitable broker:

When selecting a broker, we consider a variety of variables, such as the broker’s costs, trading platform, available markets to trade in, and how simple it is to establish an account with the broker. Safety is obviously quite essential, but since we only propose reputable brokers, you won’t have to be concerned about it at all.

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Step 2: Create an Account With a Brokerage Firm

After you’ve found a suitable online broker, you’ll need to establish an account with them. This is quite similar to a standard bank account, and the process of creating one is generally completed entirely online. Some brokers process your application as quickly as starting a new Gmail account, while others require you to wait a couple of days while they do a background check on you.

Instead of putting money on it, you will be storing your Twitter Stock on it, therefore you will absolutely need this to purchase Twitter Stock as well as to store your Twitter Stock.

Step 3: Make a Deposit Into Your Bank Account

You will be required to spend cash in order to purchase those Twitter stock. This money must first be paid to (or placed into) your broker’s account. This is normally quite simple and quick, and in some cases, it is even simpler than creating a brokerage account.
The most typical methods of depositing money are bank transfer and the use of a credit/debit card, respectively. Some brokers, such as eToro, allow you to deposit money into your investing account using a variety of different electronic wallets, such as PayPal.

Step 4: Purchase a Twitter Share of Stock

You’ve got the account, the cash, and the share objective all in your possession. The final step is to click on the “Buy Now” button! If you log in to your online brokerage account, search for Twitter stock, enter the quantity of shares you desire to acquire, and then click buy, the purchase of Twitter stock will be initiated (in trading lingo: execute the buy order).

Elon Musk Purchased a 9.2 Percent Stake in Twitter Stock and Forecast

Here are a number of pointers: while placing an order, you have the option of selecting from a variety of order kinds. In contrast to a market order, which purchases at the current market price, a limit order allows you to define the precise price at which you wish to purchase the stock.

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Step 5: Check in on Your Twitter Position on a Regular Basis

After you’ve acquired your Twitter shares, your work is far from done. It is now critical to keep track of your finances. To put it another way, this implies sticking to your financial strategy. If you purchased Twitter stock with the intention of owning it for a longer period of time, you might be able to attend the annual meeting and get all of the latest news and information about the firm.

If you want to sell it immediately after seeing a slight increase in the price, you may choose to employ a variety of position management strategies. Example: You may use the target price to determine the price at which you want to sell the stock with a profit, and the stop-loss price to determine the price at which you want to sell the stock in order to avoid further losses.

Elon Musk Has Purchased a 9.2 Percent Stake in Twitter Stock

Earlier this week, Elon Musk purchased a 9.2 percent stake in Twitter Inc., making him the platform’s largest shareholder a week after warning that he may shake up the social media business.

After Musk’s purchase of Twitter Stock was announced in a regulatory filing on Monday, the company’s stock soared by as much as 27 percent. As a result of the gain, the stock had its largest intraday rise since its first day of trading following the company’s initial public offering in 2013. Based on the closing price of the stock market on Friday, the stake is worth around $2.89 billion.

Musk, 50, surveyed his more than 80 million Twitter followers last month. And he asking them if the firm adheres to the values of free expression. Musk is the CEO of Tesla Motors. After more than 70% of respondents responded no, he inquired as to whether a new platform was required and stated that he was seriously considering launching his own.

“Given Elon’s prior comments about wanting to start a social media company, I would say it’s possible that he will increase his stake in Twitter or take a controlling interest in the company sometime soon,” Tom Forte, an analyst with DA Davidson & Co., shared his thoughts.

Elon Musk Has Purchased a 9.2 Percent Stake in Twitter Stock

Wedbush analyst Dan Ives wrote in a research note that Elon Musk appears to have his “eyes laser-focused on Twitter.” And that the investment might lead to a “more aggressive ownership involvement.”

For this reason, Twitter is particularly vulnerable to outside pressure because the company’s founders do not have unique voting influence over the company’s destiny, in contrast to companies like Google, Facebook, Amazon, and Snap.

The firm has just recently recovered from activist pressure by Elliot Management. Which began in 2020 and prompted Dorsey, who was serving his second term as CEO of Twitter, to establish a succession plan for the company’s leadership.

It is now unclear what Musk intends to do with his investment. According to the statement with the Securities and Exchange Commission, the incident that triggered the disclosure occurred on March 14. In many cases, the sort of form employed shows that the investor is not attempting to gain control of a firm or exert influence over who manages a corporation.

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Fees Associated With Investing in Twitter Stock

When it comes to trading Twitter Stock, you will have to deal with a variety of various types of expenses.

Commission is a fee that is either dependent on the volume of trades or is a flat fee per trade. For example, 0.1 percent of €10,000 equals $5 each trade or $0.005 per share of stock.

Needless to say, each broker has their own set of requirements. Examine the fees associated with trading Twitter Stock at our top-rated five brokers in this section.

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