What happens to your Twitter stock now that it's a private company
Now that Elon Musk has closed on his acquisition of the social media platform Twitter, what happens to Twitter's stock? The transaction to make Twitter a private company was completed late Thursday, according to a Securities and Exchange Commission document. By Friday morning, Twitter's stock had already stopped trading on the New York Stock Exchange, where it had been listed since 2013. Next, Twitter will get a record of everyone who owned shares as of Thursday night's closing. The majority of shareholders will likely be represented by brokerage agents , according to Brian Quinn, a professor of securities law at Boston College. Screens display Twitter's share price at the New York Stock Exchange, in New York in 2013. Emmanuel Dunand / AFP via Getty Images file It's these agents who will be paid the $54.20 owed for each share, Quinn said. That was the price Musk agreed to pay for the company, and the price Twitter shareholders approved by a 98% margin in Septembe...