Shares of Twitter (NYSE: TWTR) climbed 11.5% in August, according to data from S&P Global Market Intelligence. The stock rose in conjunction with momentum for the broader market and speculation that the company could potentially buy ByteDance's TikTok platform. Reports emerged on Aug. 10 that Twitter had entered into preliminary discussions to purchase TikTok, the popular short-form video network that's found itself at the center of trade and tech-race tensions between the U.S. and China. Read More...
Why Twitter Shares Gained 11.5% in August
Shares of Twitter (NYSE: TWTR) climbed 11.5% in August, according to data from S&P Global Market Intelligence. The stock rose in conjunction with momentum for the broader market and speculation that the company could potentially buy ByteDance’s TikTok platform. Reports emerged on Aug. 10 that Twitter had entered into preliminary discussions to purchase TikTok, the popular short-form video network that’s found itself at the center of trade and tech-race tensions between the U.S. and China.
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