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Musk’s Twitter Offer Isn’t Enough to Sway Social Media ETFs

By: ETF Trends

April 14, 2022 at 14:47 PM EDT

Elon Musk has offered to buy out Twitter (NasdaqGS: TWTR) in an unsolicited deal worth more than $43 billion to bring the company private, but social media sector-related exchange traded funds brushed off the hype. On Thursday, the Invesco Dynamic Media ETF (PBS) dropped 0.5% and the Global X...

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Musk’s Twitter Offer Isn’t Enough to Sway Social Media ETFs