Mass suicides reported at Twitter HQ, Reddit is next
(twitter.com)
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What the duck? Can he even pull this off? I know he is very intelligent but he is risking a lot here, is he not? How much money does twitter make and from what, twitter seems like a very bad investment? I hope this does not end up biting Elon in the ass.
Was just watching news on it about half an hour ago, Twitter stock was creeping upwards, about a penny per two seconds.
Wall Street Bets/GameStop move to kill Twitter?
F Ross Johnson and RJR Reynolds?
Of course the stock is going up. If you buy the stock now at $45 you can cash out at $54 when Elon buys it from you... easy 20% profit.
Except TWTR won't sell to Elon, and then he has an excuse to sell his stock at approaching $54 instead of $45 - more profit for Elon when he sells and leaves others holding the bag.
Twitter shareholders know that they will never get a better deal than what Elon Musk is offering them.
I don't think it is likely they refuse to sell.
It was $70+ just months ago.
It's not about money though. Shareholders are Vanguard, the Saudi's, et al - they will never sell their #1 propaganda tool for any price and all they need is a justification.
It was $70+ just months ago is a justification - doesn't matter if it's realistic.