Shares of TWTR are off by 10% today after Elon sent this tweet out.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Frankly, it was only a matter of time, given the market conditions, for Elon to impose some hardball tactics with the Twitter board. If it weren’t for the Elon bid the stock would be in the 20s now for sure.
Some believe Elon will pay the $1b break up fee and walk away. I don’t believe that is the case and think the market is assessing correctly the new buyout price, around $40.
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Musk is going to undress them in public and after exposing tall their frauds, he will buy the company at a discount.
They won’t be able to defend themselves once all is exposed.
Genius
*all
Why are there so few comments?
I don’t know. What I do know is I tried posting twice yesterday without success.
It didn’t say the usual “awaiting moderation” or whatever and show up a few hours later. The posts simply vaporized into the fact checker’s netherworld. Sort of a kinder gentler chinese social credit shadow banning system.
Lets see what happens today at 11:40
The “official” numbers are out. (Have they been “doctored”?)
never got 1 + didn’t go back for the 2nd + didn’t boost = 70% not up to date
11:51a
Will Elon Walk Away From $TWTR Deal?
He’s prepared to walk away and that is a real threat.
It’s in the hands of the TWTR board now. I think they will do whatever it takes to complete the deal which is a win-win even when they must strike a much lower price.
So it’s really the question: Will the board walk away? On balance I don’t think they will.
No doubt big parachutes await when the dust clears. Nice incentive.
Elon will pay $42.069 just for the lulz