Twitter shares rose 5.7% on Monday to close at $51.70. The deal represents a near 40% premium to the closing price the day before Musk disclosed he had bought a more than 9% stake.
However, the offer is well below the $70 range where Twitter was trading last year.
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"I think if the company [was] given enough time to transform, [it] would have made substantially more than what Musk is currently offering," said Jonathan Boyar, managing director at Boyar Value Group, which holds a stake in Twitter.
Coming back to the public, a survey of 2,000 Americans by Preply.com found that 2 in 3 people did not want Musk to take control of Twitter. In another survey done by platform OnePulse, 55.4% of 1,000 Americans believe Musk has his own interests in mind about buying Twitter.











