The ticker symbol for Twitter’s stock on the New York Stock Exchange is TWTR. It is well known as one of the most popular social media networks. Because it is traded on the New York Stock Market (NYSE), you’ll need to choose a broker that allows you to trade on that exchange. That Twitter is either a good or a bad business is not the point of any of this. You may want to review your investment objectives after seeing this scene.
Following his purchase of 9.2 per cent of the Twitter stock, Elon Musk has now become the company’s largest shareholder. Shares of Twitter (TWTR) jumped 22% in early trading following the news of the acquisition. When asked how much he paid for the shares, Musk would say, that his holding was worth $2.9 billion as of Friday’s closing and $3.5 billion following Monday’s early price rise.
“Failing to adhere to free speech norms fundamentally damages democracy,” Musk tweeted last month. Twitter functions as the de facto public town square. “What’s the best thing to do?”
When an investor purchases 5% or more of a company’s stock, the Securities and Exchange Commission (SEC) must be notified. Wall Street considers a position of less than 10% in a firm “passive,” but it could indicate an effort by Musk to play a more active role in the management of Twitter. That’s one of the reasons why other investors rushed to buy shares early Monday and pushed the price up.
Popular Tweeters Include Elon Musk
More than any other CEO, Musk boasts an impressive 80 million Twitter followers. Both Tesla and SpaceX, the firms he runs and neither of which has a typical public relations staff, use Twitter as their primary means of conveying news.
At times, he has found himself in hot water over his tweets, though.
As recently as 2018, Tesla CEO Elon Musk tweeted that he had “financing secured” to take the company private for $420 per share. While he had discussed the possibility of securing funds for such a project, it was later discovered that the funding was not yet in place.
Tesla CEO Elon Musk agreed to resign as chairman of the board as part of a settlement in the dispute. Tesla and Musk each paid a $20 million fine, with Musk making up the difference by buying Tesla stock for another $20 million.
How Much Twitter Stock Does Each Person Own?
According to Twitter SEC filings and internet databases of Twitter shareholders, Musk is Twitter’s largest shareholder. Vanguard Group and Morgan Stanley, Twitter’s next two largest shareholders, each own 8.5% to 9% of the company’s stock.
Buying Twitter Shares Is a Simple Process
Okay, so you’ve decided to buy Twitter for your purposes. That’s a solid first step. The road ahead of you before you can declare yourself a Twitter shareholder is long and winding. Again, we’ll use Twitter as an example, but the technique is the same for any stock in a company.
- The first step is to locate a reputable internet broker.
What makes an internet broker unique is that it has access to so many exchanges. Buying Twitter stock is not an option for every broker because they lack access to the NYSE. To use this exchange, you’ll need a broker.
Next, you need to find a broker that is a good fit for you. Some brokers charge a lot of money to start an account, while others are completely free if you only want to buy a few Twitter shares from time to time. Using our questionnaire, you can get excellent advice on how to choose a broker:
For example, we take into account the broker’s costs, trading platform, available markets, and how easy it is to open an account when suggesting a broker. In addition to the importance of safety, we only propose safe brokers, so you don’t have to be concerned.
- Opening a brokerage account is the second step in the process
The next step is to open an account with your online broker. To open one, all you have to do is go online, just as you would for a conventional bank account. At certain brokers, registering a new Gmail account is all it takes, but at others, it can take a few days for them to conduct a background check. When it comes to buying and keeping Twitter shares, you’ll surely need this to keep your money safe.
- Step three is to make a financial contribution to your account.
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Those Twitter shares will cost you money. You must first send (deposit) this money to your broker. In most cases, this process is as simple as opening a brokerage account.
Bank transfers and credit/debit card deposits are the most prevalent methods of making a deposit. eToro, for example, allows investors to fund their accounts using a variety of different electronic wallets, including PayPal.
- Twitter shares can be purchased in the fourth step.
You’ve got the account, the cash, and the share target. The final step is to click the “Buy Now” button. In your online brokerage, you search for Twitter shares, enter the number of shares you want to acquire, and click buy, which begins the process of purchasing shares (in trading lingo: execute the buy order).
You can select from a variety of order types when you place an order. There are two types of orders: market orders and limit orders. Market orders buy at the current market price; limited orders allow for more precise pricing.
- The fifth step is to keep an eye on your Twitter feed.
After purchasing Twitter shares, your work is far from done. Now is the time to keep a close eye on your money. Your investment strategy is the most important part of this. It’s possible to attend the company’s annual meeting if you bought Twitter stock to hold it for a long period.
It’s a Good Idea to Invest in Twitter on Stash
There are different types of investments called fractional shares that you can buy with Stash. You don’t have to pay the full price for a whole share when you buy a fractional share. You can buy Twitter stock for any amount of money on Stash. You can also buy any other fund or stock you know there.
As soon as you detect a spike in the price, you may want to apply other position management techniques. It is possible to use a stop-loss order to prevent future losses, or a target price to determine when to sell the stock for a profit. Neither the reason for the purchase nor Musk’s future ambitions for the company were disclosed in his filing with the SEC. However, he has previously been a vocal critic of Twitter’s regulations. Last month, he announced that he was considering the creation of a new social media platform with “serious consideration.”
Jonathan Herrod is a content writer who enjoys writing about technology, video games, and other topics. The author of informative articles that are well-researched and written with attention to detail has been writing professionally for nearly three years and specializes in the creation of well-researched and written attention to detail articles.