Twitter was down earlier, even after an all cash offer by Musk — which onto itself is fucking hilarious. Many people thought the offer overture was over just because a Saudi Prince said no. F
SAUDI PRINCE AL WALEED BIN TALAL AI SAUD, ONE OF TWITTER’S LARGEST SHAREHOLDERS, REJECTS MUSK BID
The rationale behind Musk’s bid is as follows:
“I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”
Twitter is going to have an “all hands on deck” crying session at 5pm today in order to discuss how they can snake out of this offer. The fact of the matter is, they cannot. Whether Musk goes up in price is immaterial at this stage. There isn’t a white knight out there to save them and I doubt Elon will back off now, seeing that this ultimate prize is within his grasp. My best sense is the deal is sweetened, something retarded like $69 expiring on 4/20 and backed by some high powered VC’s, like Andreeson, and that’s all shit wrote.
I am currently long TWTR.
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Maybe Burry too
I hope Musk buys it with a sweetened offer. More money for me. I wish Trump evil every day but who cares if he’s on Twitter. But can Musk finance the cash deal without selling a huge chunk of Tesla? He can borrow against the shares but I read he would still need 30 billion or so in cash to complete the deal at the current offer. My guess it goes nowhere and Twitter remains a forum for pompous pricks and those who aspire to be one.
“…I would need to reconsider my position as a shareholder…”
Wasn’t the prince was shaken down for billions a few years back?