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

Spirit Credit Card Users Lose Access To Free Spirit Rewards: Here’s what to do

Spirit Airlines credit card users can still use their Bank of America cards, but Free…

14 hours ago

Citi / AAdvantage Globe Mastercard Review: Is This AA Card Worth It?

The Citi / AAdvantage Globe Mastercard offers lounge passes, free checked bags, preferred boarding and…

14 hours ago

Capital One to Offer Free Coffee and Drinks Every Monday This Summer

Capital One Cafés are offering one free handcrafted drink every Monday through summer 2026, with…

14 hours ago

Alaska Airlines Plans Premium Economy and Luxury Seattle Lounge as International Expansion Grows

Alaska Airlines is growing its international plans with new premium economy seats, a luxury Seattle…

14 hours ago

Easy Steps to Set Up Haystack.tv on All Streaming Devices

Learn how to activate Haystack.tv on Roku, Firestick, Smart TV, and Apple TV using simple…

3 days ago

Easy Guide to Activate CONtv on Roku, Firestick, and Smart TVs

Learn how to activate CONtv on Roku, Firestick, Smart TV, and Apple TV with simple…

3 days ago