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so i've been seeing all the hype around X this week with trump and elon's livestream hitting like a million listeners, plus that Grok update they just dropped. got me wondering if i could actually buy into X stock myself. turns out... nope, not unless you're loaded and connected.
turns out when elon bought twitter back in 2022 for 44 billion, he basically took the whole thing private. before that it was publicly traded on NYSE under TWTR, share price was like 53.70 or something. but he came in with a tender offer at 54.20 per share and got the shareholders to approve it. once fewer than 300 entities own the shares, boom, it's delisted. no more public trading.
so now X stock is only available if you're an accredited investor or institution, which basically means you gotta be rich or connected to someone who is. regular retail investors like us can't touch it. the only way would be buying directly from someone who already owns shares, which is basically impossible for most people. even the big firms like blackrock and vanguard hold positions but they're not selling to randos.
kind of wild that a platform this massive and influential isn't publicly traded anymore. if you really want exposure to the social media space, guess you'd have to look at other publicly traded companies instead. but yeah, X stock itself? that's locked behind the accredited investor wall for now.