I wonder how realistic the offer is or if it's more of a PR stunt. Either way, I'm looking forward to the leftist meltdown over the sheer thought of losing their censorship-ridden echo chamber.
It's pretty damn realistic considering the share premium he's offering. The board will have to come up with a plan to increase shareholder value at the same level or higher in order to justify turning it down, otherwise they'll get sued into oblivion.
But most likely Blackrock or some other globalist entity will come to the rescue to preserve their propoganda tool.
Edit: after looking at the stock price going back further, he'd likely have to up his bid by at least $10 per share.
Vanguard is an index fund, their buying and selling is market capitalization weighted. Reading "into" their buying and selling habits is futile, their behavior is almost entirely algorithmic. It was absolutely predictable that if Elon drove up twitter's market cap, within a couple days Vanguard would have to buy accordingly to rebalance.
after looking at the stock price going back further, he'd likely have to up his bid by at least $10 per share.
No he won't.
Whatever arguement the board tries to make about share value being too low doesn't even really matter.
The situation is that Elon Musk just forced a pseudo bank run on Twitter stock.
If they say yes, the board gets their severance and military intelligence loses an asset.
If they say no, Elon sells and everyone with Twitter stock follows with the understanding that the stock will tank. This creates a feedback effect which will probably cause another GME type situation, meaning that the regulators will close trade for "stability of the market" which will only inflame people into selling even further.
Twitter is kinda fucked in its current form.
However, Elon is something of a bastard for playing this up on the lead up to Friday evening when markets close for the weekend. I have a feeling he's gonna pussyfoot it.
It's realistic in that he has the money to liquidate RIGHT NOW to buy it.
Remember, he has fuck you amounts of money. His shareholders are going to get an IMMEDIATE 20% increase in profit. You'd have to be a fucking retard not to take that. Your clients would slap you if you were a mutual fund manager.
20% profit with no string attached? Yeah, fucking do it.
I wonder how realistic the offer is or if it's more of a PR stunt. Either way, I'm looking forward to the leftist meltdown over the sheer thought of losing their censorship-ridden echo chamber.
It's pretty damn realistic considering the share premium he's offering. The board will have to come up with a plan to increase shareholder value at the same level or higher in order to justify turning it down, otherwise they'll get sued into oblivion.
But most likely Blackrock or some other globalist entity will come to the rescue to preserve their propoganda tool.
Edit: after looking at the stock price going back further, he'd likely have to up his bid by at least $10 per share.
That's what I expect to happen.
There's no way globohomo will let him have twitter. No fucking way.
It would unravel so much of their work so fucking fast.
And there it is.
It's over.
Because Elon's buying drove up the price.
Vanguard is an index fund, their buying and selling is market capitalization weighted. Reading "into" their buying and selling habits is futile, their behavior is almost entirely algorithmic. It was absolutely predictable that if Elon drove up twitter's market cap, within a couple days Vanguard would have to buy accordingly to rebalance.
No he won't.
Whatever arguement the board tries to make about share value being too low doesn't even really matter.
The situation is that Elon Musk just forced a pseudo bank run on Twitter stock.
If they say yes, the board gets their severance and military intelligence loses an asset.
If they say no, Elon sells and everyone with Twitter stock follows with the understanding that the stock will tank. This creates a feedback effect which will probably cause another GME type situation, meaning that the regulators will close trade for "stability of the market" which will only inflame people into selling even further.
Twitter is kinda fucked in its current form.
However, Elon is something of a bastard for playing this up on the lead up to Friday evening when markets close for the weekend. I have a feeling he's gonna pussyfoot it.
It's realistic in that he has the money to liquidate RIGHT NOW to buy it.
Remember, he has fuck you amounts of money. His shareholders are going to get an IMMEDIATE 20% increase in profit. You'd have to be a fucking retard not to take that. Your clients would slap you if you were a mutual fund manager.
20% profit with no string attached? Yeah, fucking do it.