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.
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.