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How to Buy Twitter Stock

How To Buy Twitter Stock in 2024

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Twitter (X) is not publicly traded at this time. However, there are still ways for investors to gain indirect exposure.

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Elon Musk has Twitter on fire.

The number of active users is at an all time high and the company is closer to profitability than ever.

Plus, Elon’s track record is quite impressive – is there a way to bet on his latest venture?

You’re not the only one wondering how to buy Twitter stock.

Can You Buy Twitter Stock? Is Twitter Publicly Traded?

Elon Musk took Twitter private in October 2022. This means that you can no longer buy Twitter on the stock market. Before that, it had been publicly traded since 2013. Now, the Twitter stock price chart that you’d find under the symbol TWTR is no longer relevant. Elon Musk and a few partners bought Twitter at $54.20/share.

Who Owns Twitter?

There were a number of investors in the recent takeover – Elon Musk didn’t do it alone. He raised capital from a few notable investors, including Binance (a cryptocurrency exchange), Saudi Arabian Prince Alwaleed bin Talel, and Sequoia Capital, among others. He also took loans from Morgan Stanley, Bank of America, and more.

Does Elon Musk Own Twitter?

Elon Musk, together with his group of investors, owns 100% of Twitter stock. They bought it from the public market, so the $44 billion he paid went to the shareholders. Jack Dorsey, the founder, was an exception. He was allowed to retain his shares, which amount to 2.4% of the company.

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How to Invest in Twitter Stock

There is no way to directly invest in Twitter.

There are also no public companies with ownership stakes in Twitter. Elon Musk plans to take Twitter public in the future but, for now, there’s no way to gain exposure to the bird app.

Although it’s a bit of a stretch, you may consider investing in the social media industry. Competitors like Meta (NASDAQ: META) and Snapchat (NYSE: SNAP) may become more valuable as the industry grows. Innovative and profitable features that are rolled out by one social media platform are typically copied by others (Snapchat stories and TikTok-style videos are great examples of this).

If you choose this route, make sure to use one of the best brokers for stock trading.

How to Buy the Twitter IPO

Elon Musk announced that he intends to take Twitter’s new holding company public within three to five years. Effectively, this means that Twitter is likely to have a second IPO in the future, at which point Twitter stock will be available for purchase by the public.

If and when that happens, follow these steps on how to buy Twitter stock:

  1. Create or login to your brokerage account (if you don’t have one, we recommend eToro)
  2. Search for Twitter
  3. Select how many shares you want to buy
  4. Place your order
  5. Monitor your trade

To reiterate, there is no Twitter stock symbol to purchase at this time. It will likely be available within 3-5 years, according to Elon Musk’s timeline.

Twitter Stock Price Chart

Below is the historical Twitter stock price chart from 2013 to 2022. Each candlestick represents one month. As you can see, Twitter stock didn’t increase significantly over the nearly 10 years that it was publicly traded. In fact, despite its impressive growth as a social media platform, Twitter stock was worth more in January 2014 than it was when Elon Musk took it over.

Screen shot 2022 12 06 at 12.01.28 pm

This chart is now only relevant from a historical perspective. The stock is delisted, and this chart has not changed since October 2022. There may be future updates on Twitter’s valuation if they decide to raise money from additional investors or if Twitter becomes a public company again.


FAQs:

How to buy Twitter stock?

As of October 2022, Twitter is a private company. Twitter stock is not available to purchase on the stock market, but you can invest in some of the companies that own it.

How much is Twitter stock?

The Twitter stock price at which Elon Musk bought it was $54.20 per share. In total, it cost roughly $44B.

What is Twitter stock symbol?

The previous Twitter stock symbol was TWTR. However, it has now been delisted from the stock market. It may become public again within 3-5 years according to Elon Musk.

Who owns Twitter stock?

Elon Musk and other investors including Jack Dorsey, Larry Ellison, Binance, own 100% of Twitter stock.

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About the author

Jonathan Munan

Contributor

Jonathan is an experienced data analyst with a keen interest in technology. He has worked with hedge funds, cryptocurrency exchanges, and AI research firms. He has education in finance from the Canadian Securities Institute and is a lifelong student of economics.