Categories: News

Twitter shares rise after Hindenburg takes long position

On Tuesday, Twitter sued Elon Musk for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share.

Short-seller Hindenburg Research on Wednesday said it had taken a long position in Twitter Inc shares, sending the social media firm’s stock up 5% in early trading.

“We have accumulated a significant long position in shares of Twitter. Twitter’s complaint poses a credible threat to Musk’s empire,” Hindenburg said in a tweet.

On Tuesday, Twitter sued Elon Musk for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share.

Agency Desk

Recent Posts

What is ‘WUVISAAFT’ Charge on Your Bank Statement?

A WUVISAAFT charge usually means you sent money through Western Union using a Visa card.…

12 hours ago

How to Activate Your Academy Sports + Outdoors Credit Card for the First Time

Learn how to activate your Academy Sports + Outdoors Credit Card, complete your first login,…

1 day ago

Everything Changing with the Citi / AAdvantage Executive Mastercard from August 23

American Airlines and Citi are refreshing the Citi / AAdvantage Executive Mastercard with new travel…

2 days ago

Costco Shoppers Alert: Check These Frozen Burritos for a Safety Warning

Costco customers should check their freezers for select Red's Steak Cilantro and Lime Burritos. The…

5 days ago

Did You Lose Your SNAP Benefits? Eligibility and How to Get a Single $400 Payment

Illinois residents who lost SNAP benefits may qualify for a one-time $400 FRESH payment. Here's…

5 days ago

New America 250 Social Security Cards: Last Date, Eligibility and Everything Parents Need to Know

Unlike a regular Social Security card, this commemorative version comes with the official Freedom 250…

5 days ago