{"id":38712,"date":"2022-10-28T08:24:11","date_gmt":"2022-10-28T12:24:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=38712"},"modified":"2022-11-02T18:04:47","modified_gmt":"2022-11-02T22:04:47","slug":"nyse-delists-twitter-shares-following-elon-musk-purchase","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nyse-delists-twitter-shares-following-elon-musk-purchase\/","title":{"rendered":"NYSE Delists Twitter Shares Following Elon Musk Purchase"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-elon-musk-formally-acquired-the-social-media-company-twitter-in-a-deal-that-resulted-in-a-legal-dispute-and-some-immediate-firings\">Elon Musk formally acquired the social media company <a href=\"https:\/\/coinscreed.com\/staging\/elon-musk-becomes-new-twitter-ceo.html\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a> in a deal that resulted in a legal dispute and some immediate firings. <\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000-1024x576.png\" alt=\"NYSE Delists Twitter Shares Following Elon Musk Purchase\" class=\"wp-image-38715\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000-1024x576.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000-300x169.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000-768x432.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000-150x84.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000-750x422.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000-1140x641.png 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">NYSE Delists Twitter Shares Following Elon Musk Purchase<\/figcaption><\/figure>\n\n\n\n<p>Elon Musk paid $54.2 per share to acquire the social media site, putting the deal's overall worth to just under $44 billion.As part of the agreement, Musk is also taking the business private, delisting its stock and removing it from the ownership of stockholders in the open market. After being listed on the <a href=\"https:\/\/coinscreed.com\/staging\/proshares-launches-its-bitcoin-etf-on-nyse.html\" target=\"_blank\" rel=\"noreferrer noopener\">NYSE <\/a>in 2013, over 9 years ago, Twitter is no longer a publicly traded business.<\/p>\n\n\n\n<p> On Friday, trading in Twitter shares will be suspended, according to the NYSE, eToro and <a href=\"https:\/\/coinscreed.com\/staging\/robinhood-adds-support-for-cryptocurrencies-aave-and-tezos.html\" target=\"_blank\" rel=\"noreferrer noopener\">Robinhood<\/a>, two crypto-friendly trading platforms, also delisted Twitter shares from their platforms. Given that Musk had discussed the concept before included it in the purchase and had even previously stated his goal to take Tesla private, the decision to take Twitter private may not have come as a huge surprise to many.<\/p>\n\n\n\n<p>Elon Musk would gain certain regulatory advantages and undoubtedly avoid paying any fines by taking Twitter public and away from the control of public shareholders. Musk was previously fined $40 million for &#8220;joking&#8221; about taking Tesla private. Being publicly traded draws intense scrutiny from authorities, and Musk and the US <a href=\"https:\/\/coinscreed.com\/staging\/u-s-securities-and-exchange-commission-musk-twe.html\" target=\"_blank\" rel=\"noreferrer noopener\">Securities and Exchange Commission<\/a> (SEC) have a notorious history together.<\/p>\n\n\n\n<p>Twitter would also avoid some financial public scrutiny if it became a private firm because it would no longer be obligated to make quarterly declarations regarding the state of its business. Additionally, <a href=\"https:\/\/www.google.com\/search?client=opera&q=NYSE+Delists+Twitter+Shares+Following+Elon+Musk+Purchase&sourceid=opera&ie=UTF-8&oe=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">Binance<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, a cryptocurrency company, reportedly donated $500 million to the $44 billion Twitter transaction. With a $500 million stake in Twitter, Binance ranks as the takeover's fourth-largest donor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk formally acquired the social media company Twitter in a deal that resulted in a legal dispute and some immediate firings. Elon Musk paid $54.2 per share to acquire the social media site, putting the deal&#8217;s overall worth to just under $44 billion.As part of the agreement, Musk is also taking the business private, [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":38715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,2000,482],"class_list":["post-38712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-nyse","tag-twitter"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/png_20221028_130744_0000.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/38712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=38712"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/38712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/38715"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=38712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=38712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=38712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}