Must read: How to buy stocks online
Can I still buy Twitter stock?
You can’t buy Twitter stock (TWTR) on the NYSE anymore. Elon Musk completed his acquisition of Twitter on October 27, 2022, and took the company private, so its shares stopped trading the following day.
Before the acquisition, Twitter had been a publicly traded company for nearly nine years as it debuted on the NYSE on November 7, 2013.
Why did Elon Musk take Twitter private?
Elon Musk said he believed Twitter had significant potential as a platform for free speech but needed changes to reach that potential. When announcing his $44 billion offer in April 2022, Musk said taking Twitter private would allow him to make changes more freely and reduce the pressure of short-term financial performance that comes with being a publicly traded company.
Is Twitter publicly traded?
No. Twitter stock was formally delisted from the NYSE on November 8, 2022, but suspended from trading on October 28, 2022. This came after billionaire investor and Tesla CEO Elon Musk bought all the company’s outstanding shares for $44 billion ($54.20 per share).
Twitter originally went public on the NYSE on November 7, 2013. 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.
If you’re interested in investing in one of Elon Musk’s other companies, you can consider buying SpaceX stock. SpaceX is Elon’s satellite and spaceship company that went public in 2026 in a record-breaking IPO.
What happens to my Twitter stock?
If you owned Twitter (TWTR) stock before the buyout, you are entitled to receive a payout for the value of your shares. The price agreed upon between Musk and shareholders was $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 (TWTR) stock, 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 (NASDAQ: META) — formerly Facebook. Click here to invest in Meta stock.
- Snap Inc. (NYSE: SNAP) — the company behind Snapchat.
- Pinterest (NYSE: PINS)
- Bumble (NASDAQ: BMBL) — the parent company of Bumble, Badoo and BFF
- Reddit (NYSE: RDDT)
Compare online trading platforms to buy Canadian and US stocks
You can compare features of stock trading platforms in the table below. Once you’ve decided on the right fit for your needs, hit the “Go to site” button to get started. Learn more in our guide to online stock trading.
Note: The dollar amounts in this table are in Canadian dollars.
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Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Frequently asked questions
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
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