Elon Musk becomes Twitter's largest shareholder

HemiHauler

Well-Known Member

“LONDON, May 13 (Reuters) - Elon Musk on Friday put his $44-billion deal for Twitter Inc (TWTR.N) temporarily on hold, sending the social media company's shares some 20% lower”

Can’t believe the movers and shakers here aren’t discussing this. Then again, it’s no longer the shiny thing of the day. Squirrel!!!

He will walk away from the deal. It’s all just theater.

All the world’s indeed a stage
And we are merely players
Performers and portrayers
Each another’s audience
Outside the gilded cage

-Neil Peart
 

glhs837

Power with Control

“LONDON, May 13 (Reuters) - Elon Musk on Friday put his $44-billion deal for Twitter Inc (TWTR.N) temporarily on hold, sending the social media company's shares some 20% lower”

Can’t believe the movers and shakers here aren’t discussing this. Then again, it’s no longer the shiny thing of the day. Squirrel!!!

He will walk away from the deal. It’s all just theater.

All the world’s indeed a stage
And we are merely players
Performers and portrayers
Each another’s audience
Outside the gilded cage

-Neil Peart

You seem oddly sure of yourself for someone who was so wrong not too long ago about the deal even happening. Its quite possible he's negotiating for a lower price, using the bots as a reason.
 

HemiHauler

Well-Known Member
TWTR closed down today — it’s now trading at a 30% discount to Elon’s offer which was previously accepted by the Board.

The market is transmitting: this deal won’t happen. Why would Elon pay a 30% premium?

He may be trying to negotiate a better price, having only now realizing the foolishness for offering so much to start with.

While he waived his due diligence right, I’m sure his backers didn’t.
 
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