Next price target $58-$65 or higher.
Twitter ( TWTR ) said Monday that Tesla ( TSLA ) CEO Elon Musk will buy the social media company for $54.20 per share in cash in a deal valued at about $44 billion.Twitter will become a privately held company after the deal closes, the company said in a statement.
"Freedom of speech is the cornerstone of how democracy works, and Twitter is a digital town square where people discuss issues critical to the future of humanity," Musk said. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithm open source to increase trust, defeating spambots and authenticating everyone."
Twitter ( TWTR ) said Monday that Tesla ( TSLA ) CEO Elon Musk will buy the social media company for $54.20 per share in cash in a deal valued at about $44 billion.Twitter will become a privately held company after the deal closes, the company said in a statement.
"Freedom of speech is the cornerstone of how democracy works, and Twitter is a digital town square where people discuss issues critical to the future of humanity," Musk said. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithm open source to increase trust, defeating spambots and authenticating everyone."
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Elon Musk puts Twitter ( TWTR ) privatization takeover on hold.
