Company Of The Day: Twitter

May 6th, 2022 by Trefis Team
45.08
Trefis
TWTR: Twitter logo
TWTR
Twitter

What?

Elon Musk has lined up a group of investors who are committing about $7 billion to back his bid to buy Twitter (NYSE:TWTR). The funds will reduce the amount Mr. Musk will need to put up personally, and possibly help to speed up the deal.

So What?

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Twitter stock jumped almost 3% in Thursday’s trading to about $50 per share, approaching Mr. Musk’s $54.20 a share offer price. The broader Nasdaq-100 was down 5% on Thursday.

See Our Complete Analysis For Twitter

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns May 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 TWTR Return 3% 17% 209%
 S&P 500 Return 0% -13% 85%
 Trefis Multi-Strategy Portfolio 0% -17% 227%

[1] Month-to-date and year-to-date as of 5/6/2022
[2] Cumulative total returns since the end of 2016

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