Can You Still Buy Twitter Stock?

Can I still buy Twitter stock?

You can no longer buy Twitter (TWTR) stock. Elon Musk acquired Twitter in October 2022 and took the company private, removing its shares from the stock market.

On July 23, 2023, Musk announced that Twitter would be rebranded. “And soon we shall bid adieu to the twitter brand and, gradually, all the birds,” Musk tweeted. He followed with another tweet later that day that Twitter’s famous bird logo would be changed to an “interim X logo.”

Prior to the acquisition, Twitter had been publicly traded since 2013.

Why did Elon Musk take Twitter private?

Elon Musk took Twitter private as 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 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.⁽¹⁾

“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.

Taking Twitter private gave Musk several advantages. Private companies are not required to make quarterly public disclosures about their performance and are subject to less regulatory scrutiny, giving Musk 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.⁽²⁾

Musk’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.⁽³⁾

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 originally 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 IPO price of $26 — valuing the company at $31 billion.⁽⁴⁾ Altogether, Twitter sold 70,000,000 shares and raised approximately $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 Musk’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.

Invest in other social media stocks

Even though you can’t buy Twitter stock, you can still get exposure to the social media sector through other publicly traded companies. Here’s a look at the major social media stocks available today.

Meta Platforms (NASDAQ: META)
Meta is the parent company of Facebook, Instagram, and WhatsApp — three of the world’s largest social platforms. Meta trades on NASDAQ under the ticker META. Learn how to buy Meta stock.

Snap (NYSE: SNAP)
Snap is the company behind Snapchat, the popular photo and video messaging app. Snap trades on NYSE under the ticker SNAP. Learn how to buy Snap stock.

Pinterest (NYSE: PINS)
Pinterest is a visual discovery platform with more than 570 million monthly active users. Pinterest trades on NYSE under the ticker PINS. Learn how to buy Pinterest stock.

Reddit (NYSE: RDDT)
Reddit went public on the NYSE in March 2024 at $34 per share under the ticker RDDT, making it one of the most closely watched social media IPOs in recent years. Learn how to buy Reddit stock.

Bumble (NASDAQ: BMBL)
Bumble operates the Bumble and Badoo dating apps and trades on NASDAQ under the ticker BMBL. Learn how to buy Bumble stock.

For a full overview of the sector, see our guide to social media stocks.

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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.

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Frequently asked questions

• Why can't you buy Twitter stock?

  Elon Musk took Twitter private following his acquisition of the company in October 2022. As a result, Twitter stock is no longer tradable on the stock market.

• Why is Twitter stock delisted?

  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) and took the company private.

• What is Twitter's stock price?

  Twitter’s stock went private on October 27, 2022, and closed the trading day at $53.70 per share.

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Matt Miczulski is an investments editor and market analyst at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions. Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on Yahoo Finance, CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio

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