The trading in TWTR is still retarded, after the board is said to ACCEPT Elon’s offer of $54.20 — the stock is barely trading above $51 on an all cash offer. Apparently there must be a lot of arbs who think otherwise, foreseeing some sort of roadblock in the way towards this deal getting done. I have no position and would rather just see TWTR removed from my screen.
In more important news, we are seeing WHOLESALE LIQUIDATION of the commodity trade. Massive declines in oil, gold, copper and aluminum. Without thinking too hard about it, I just sense this crowded traded is being unwound and inflation seems to be abating most likely due to economic actively, or lack thereof.
NASDAQ futs are -45, a big improvement from 1 hr ago. We are oversold and I think we bounce soon.
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Who needs tax cuts on billionaires when one buys a loser biz like Twitter? They deserve each other.
Why do you keep on saying economic activity is collapsing? Trucking numbers are rocking, GDP strong, and unemployment puny. Lower input prices should just accelerate growth. Don’t be a hater.
They must have another plan on how to stop Musk from taking Twitter. They’ll kneecap him somehow.
What advertiser wants to play in that political cesspool? Fact that no other company wants Twitter says it all. Guess they could charge some people to play but will that substantially raise revenue? Let Musk give it a try. Let idiots on the Left and Right bury themselves in lies and nonsense. Maybe a middle of commonsense will emerge from the ashes of burned math books.
I was thinking along similar lines …
According to Zerohedge: “… the company would still be allowed to take a rival offer if it pays the Musk group a break-up fee …”
Kudos to the Board for making the correct fiduciary decision. TWTR is not worth $54.20, especially for Twitter (the app) to survive moving forward as a viable social platform, they would need to kneecap bots and spam, reducing announced user base by 30%. Ad revs drop in accordance.
It can either be profitable hellish zombie cesspool of child porn, bots and the like, or an outright unprofitable rebuild that might save free speech. Helluva needle to thread there…
The dude actually bought a pile of shit in a Tiffany box. Now he;s going to piss off all the liberal Tesla buyers. Countdown to boycott.
Twitter is by far, by far, the most influential media website on the planet. Every news agency, television and print, use Twitter as a daily news feed, as a source of video clips, and for click bait.
It’s a cesspool too, in my view. But apart from financial aspects. it will be interesting to see how this affects free speech. At the moment, the political right-of-centre and those who are still riding the Trump train are celebrating. Will they regret doing so?
The Washington DC leftist establishment may yet have their revenge, plus I don’t trust Musk any more than I trust Soros, Bezos and all the other globalist oligarchs. Musk builds businesses based upon huge taxpayer subsidies; this acquisition is another way he can grab more influence in DC and elsewhere. Shake hands, count fingers.