What Caught Our Attention in the Investment World? – Week of October 3-7, 2022

By Kuldip K. Ambastha

The stock price of Twitter, Inc. (TWTR), a microblogging and social networking technology (tech) platform, had a +22.2% per share increase on Tuesday, October 4, 2022, while the other four trading days showed negative daily returns. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of November 29-December 3, 2021; By Kuldip K. Ambastha.”) Though the outcome is still uncertain due to funding, litigation, and other open issues, Elon Musk may proceed with his offer to purchase Twitter and convert it into a privately held company. Shares of Twitter were bid up because of this development, with investors seemingly eager to see what plans Musk may have in store for Twitter. Many commentators currently view Twitter as digital town square for the public, and one highly circulated rumor sees Musk restructuring Twitter into an everything app called X.

Keywords – Twitter, Inc., Twitter, TWTR, X, technology, tech, microblogging, social networking, platform, Elon Musk, funding, litigation, public, private, digital town square, everything app.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in TWTR.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.




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