This investor sold its equity stake in Twitter during Musk takeover saga

Published

2 years ago

August 17, 2022

Rick D'Andrea

A Securities and Exchange filing has showed active investor Elliott Management has sold its equity stake, as well as cutting its exposure, to Twitter

The company previously held 10 million stocks in the social media giant, and was one of its major shareholders.

Twitter’s stock price dramatically rose in April, on the back of Elon Musk wanting to buy the company for approximately $44billion.

The after-effects of the takeover saga are still ongoing, with the billionaire and Twitter embroiled in a legal battle.

Related Topics:Business Politics Tech trending

Up Next

Brad Pitt foundation to pay $20.5m

Don't Miss

Why a Bitcoin mining company is going against a major merger

Rick D'Andrea

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

News3 days ago

AI enters the Big Brother house, raising concerns around the truth of reality TV

Leaders3 days ago

UN initiative aims to set international standards for AI ethics

Shows3 days ago

Mining and fluid businesses witness growing interest from investors

News3 days ago

No console, no problem according to Amazon’s next-gen streaming innovation

Docos5 days ago

VP Kamala Harris will officially run against former President Donald Trump in the 2024 U.S. election

Leaders4 days ago

Harris secures strong Democratic support for White House run despite challenges

Leaders4 days ago

U.S. Secret Service Director admits security failure, faces rising resignation demands

News2 days ago

Meidcal breakthrough on ‘fountain of youth’ uncovered by scientists

A Securities and Exchange filing has showed active investor Elliott Management has sold its equity stake, as well as cutting its exposure, to Twitter

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Money

Netflix expands use of ads despite slow subscriber growth

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

Trending Now