Is It Too Late to Buy Twitter Stock?

Twitter's (NYSE: TWTR) stock price surged 27% on April 4 after Tesla CEO Elon Musk revealed he had bought a 9.2% stake in the social media company for about $2.9 billion. Musk's investment dwarfs co-founder Jack Dorsey's 2.25% stake and makes him Twitter's largest single or institutional investor. Twitter appointed him to its board of directors the following day.

Musk made his investment after asking his 80.8 million Twitter followers if the platform "rigorously adheres" to the principle of free speech. Over 70% of the poll's 2.04 million respondents said Twitter didn't follow that principle.

Image source: Getty Images.

Continue reading

Source Fool.com