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Getbig Main Boards => General Topics => Topic started by: IroNat on May 10, 2022, 02:42:06 PM

Title: Will Elon Musk tank Twitter stock by slashing his takeover bid
Post by: IroNat on May 10, 2022, 02:42:06 PM

https://finance.yahoo.com/news/famed-short-seller-betting-elon-122310262.html

In a statement on Monday, Hindenburg Research concluded the deal’s $1-billion breakup fee was not a sufficient enough deterrent given the heady cocktail of poor first-quarter results and inflated user numbers for the social media platform, as well as an ongoing market crash in tech stocks.

That gives the Tesla CEO an opening to pressure Twitter’s board into accepting more favorable terms by threatening to abandon the bid entirely and let the share tank, Hindenburg said.

Title: Re: Will Elon Musk tank Twitter stock by slashing his takeover bid
Post by: Humble Narcissist on May 13, 2022, 02:18:37 AM

He owns their asses.