Better Buy: Twitter vs. Meta Platforms
Twitter (NYSE: TWTR) and Meta Platforms (NASDAQ: FB) became two of the most talked-about social media companies in recent months.
Twitter's drama started in early April after Elon Musk took a 9.2% stake in the company. Shortly afterwards, Musk launched a hostile bid to acquire all of Twitter at $54.20 a share in a $44 billion deal. Twitter accepted the deal after initially adopting a "poison pill" defense against Musk's offer.
But over the past month, Musk tried to back out of the deal by accusing Twitter of failing to provide adequate information about its spam and bot accounts. As of this writing, the deal is still in limbo, and Twitter's stock price remains about 26% below Musk's "best and final" offer.
Source Fool.com
