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Will Elon Musk tank Twitter stock by slashing his takeover bid

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IroNat:
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.

Humble Narcissist:
He owns their asses.

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