Can I still buy Twitter stock?
You can no longer buy Twitter (TWTR) stock now that it’s a private company. Elon Musk acquired Twitter in October 2022 and took the company private, which removed its shares from the stock market. Prior to this, the company had been publicly traded since 2013.
Why did Elon Musk take Twitter private?
Elon Musk took Twitter private as a part of his acquisition of the company in 2022. In a 13D filing with the Securities and Exchange Commission (SEC) on April 13, a filing that’s required within 10 days after an acquisition of more than 5% of a voting class of a company’s equity shares, Musk said taking Twitter private was essential for the company to function properly as a free speech platform.
“Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company,” Musk said in the filing.
According to the New York Times, making Twitter a private company gave Musk some advantages. Namely, private companies do not have to make quarterly public disclosures about their performance, and they’re also subject to less regulatory scrutiny. As a private company, Musk would have more control and freedom to make his planned changes without having to consider investor interests.
On April 25, 2022 Twitter announced that it had entered into a definitive agreement to be acquired by Musk for $54.20 per share in cash in a transaction valued at approximately $44 billion, with Twitter going private in the process.
Musks’s Twitter acquisition was finalized on October 27, 2022. A final 13D filing stated that Twitter shares would be delisted from the New York Stock Exchange (NYSE) and deregistered under the Securities Exchange Act of 1934.
Shares of Twitter closed on October 27, 2022 at $53.70 per share and never reopened for trading. Twitter’s stock was delisted from the NYSE on November 8, according to an SEC filing.
Is Twitter publicly traded?
No. Twitter stock was delisted from the NYSE on November 8, 2022 after billionaire investor and Tesla CEO, Elon Musk, bought all the company’s outstanding shares for $44 billion ($54.20 per share).
Twitter original went public on the NYSE on November 7, 2013 under the stock symbol “TWTR”. The opening stock price was $45.10 — 73% higher than the proposed price of $26 — valuing the company at $31 billion. Altogether, Twitter sold 70 million shares and raised around $1.8 billion from the IPO. Goldman, Sachs & Co. acted as the lead underwriter of the deal.
What happened to Twitter stock and its shareholders?
Following Musks’s buyout, Twitter shareholders received a payout of $54.20 per share. Payouts were made at the end of October 2022.
Investors received funds through their brokers, who were paid directly from Twitter. If you haven’t received a payout for your Twitter shares, contact your broker.
Buy stock in other social media companies
Even though you can’t buy Twitter stock on the NYSE, you can invest in other publicly traded social media companies.
- Meta Platforms (formerly Facebook). Click here to invest in Meta stock.
- Snapchat. Click here to invest in Snapchat stock.
- Pinterest. Click here to invest in Pinterest stock.
- Bumble. Click here to invest in Bumble stock.
Frequently asked questions
Compare online trading platforms to invest in US stocks
You can compare features of stock trading platforms in the table below. Once you’ve decided on the right fit for your goals, hit the “Go to site” button to get started.
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
More on investing
Here are the 10 best gold stocks based on year-to-date returns for November 2023.Read more…
Here’s what happens to your securities if your brokerage fails, and how your assets are protected by SIPC and FDIC.Read more…
Treasury Bills are fixed-income assets with maturities of less than one year. Here’s what to know before investing.Read more…
More guides on Finder
How to buy Discord stock when it goes public
Everything we know about the Discord IPO, plus information on how to buy in.
How to buy Floor-and-Decor stock
Steps to owning and managing FND, with 24-hour and historical pricing before you buy.
How to buy Southwest Gas stock
Steps to owning and managing SWX, with 24-hour and historical pricing before you buy.
How to buy Chime stock when it goes public
Everything we know about the Chime IPO, plus information on how to buy in.
How to buy Key Energy Services stock
Steps to owning and managing KEG, with 24-hour and historical pricing before you buy.
How to buy McDermott International stock
Steps to owning and managing MDR, with 24-hour and historical pricing before you buy.
How to buy Gen Digital stock
Steps to owning and managing GEN, with 24-hour and historical pricing before you buy.
How to buy Grail (GRAL) stock when it goes public
Everything we know about the Grail IPO, plus information on how to buy in.
How to buy Harley-Davidson stock
Steps to owning and managing HOG, with 24-hour and historical pricing before you buy.
How to invest in Energy Transfer
Steps to owning and managing ET, with 24-hour and historical pricing before you buy.
Ask an Expert