Elon Musk’s Twitter fans see value that analysts don’t

Just 10 of the 42 brokerages tracked by Bloomberg that cover Twitter's stock recommend buying it
Elon Musk’s Twitter fans see value that analysts don’t

Buyers are betting Elon Musk can jumpstart Twitter by virtue of his clout as the biggest shareholder and as an influential user on the company’s platform, where he has 80.4 million followers.

Elon Musk and an army of individual investors are now going head-to-head with Wall Street analysts in a contest over Twitter. 

Retail investors helped fuel record trading volume for Twitter, with more than 260 million shares changing hands earlier this week, after Mr Musk disclosed a 9.2% stake in the social-media company. Twitter ranked as the most purchased stock by Fidelity Investments customers as the stock had its biggest rally since the day the company went public in 2013.

Already a subscriber? Sign in

You have reached your article limit.

Subscribe to access all of the Irish Examiner.

Annual €130 €80

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited