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

How To Activate Python Venv In VS Code Manually? Here’s How

This simple guide explains how to manually turn on a Python virtual environment in VS…

1 day ago

SNAP Texas Payments 2026: January 19-25, Check Your Payment Date

Texas SNAP benefits for January 2026 will be sent between January 19 and 25 for…

1 day ago

Verizon Outage Compensation: Step-by-Step Guide to Claim Your $20 Credit

A major Verizon service outage affected the whole country on January 14, 2026, on whose…

2 days ago

New Trump Healthcare Plan Draws Praise and Alarm

President Donald Trump has unveiled his 'Great Healthcare Plan' which includes direct payments to households,…

2 days ago

TSA to Charge $45 Fee for Travelers Without Proper ID

The TSA will begin charging a $45 fee by February 2026 for travelers who arrive…

2 days ago

VA Presumptive Conditions Explained: What the PACT Act Changed

The PACT Act expanded VA presumptive conditions, helping veterans get disability benefits faster by linking…

3 days ago