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Started By
Message
Musk Terminating Twitter Deal
Posted on 7/8/22 at 4:37 pm
Posted on 7/8/22 at 4:37 pm
31
Posted on 7/8/22 at 4:38 pm to deeprig9
quote:
Terminating Twitter Deal
Probably a wise business decision.
Posted on 7/8/22 at 4:38 pm to deeprig9
Guess I’ll delete my nonexistent twitter account
Posted on 7/8/22 at 4:38 pm to deeprig9
Too much of a shitshow to fix
Posted on 7/8/22 at 4:39 pm to deeprig9
Meanwhile at Twitter’s HQ:
Posted on 7/8/22 at 4:40 pm to deeprig9
quote:
Disclose.tv
@disclosetv
MORE - SEC filing: Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations.
Posted on 7/8/22 at 4:41 pm to deeprig9
twitter is full of bots, that's why it's falling apart.
Posted on 7/8/22 at 4:41 pm to deeprig9
He’s making a move to get it at a much lower price. This was from Barron’s just this morning:
T?he odds of Elon Musk buying Twitter for the full $44 billion offer price from April now stand at less than 5%.
That’s according to Wedbush analysts Daniel Ives and John Katsingris. In a July 7 note, they reduced their price target for Twitter (ticker: TWTR) to $43, saying that there’s still a 60% chance the deal gets done, but at a lower price. They suggest $42 to $45 a share, compared with the current offer of $54.20.
Twitter stock is down 3.8% in the Friday premarket to $37.30 a share.
There’s also a 35% chance that Musk walks away from the deal, they said. If that happens, he would be subject to a $1 billion breakup free and would probably face an extended court challenge from Twitter.
After making his bid in April, Musk said the deal was on hold because there isn’t enough information on the quantity of fake accounts on the platform that distort information for advertisers. Twitter’s management has vowed to enforce the original agreement and promised a shareholder vote on the proposal in late July or early August.
If the deal does fall through, Wedbush would value the shares at $30 or lower. “The Twitter soap opera is clearly coming to some sort of finale over the coming months as Musk makes the decision to stay (with a lower price) or go,” the note said. “$54.20 at this point is essentially out the window.”
T?he odds of Elon Musk buying Twitter for the full $44 billion offer price from April now stand at less than 5%.
That’s according to Wedbush analysts Daniel Ives and John Katsingris. In a July 7 note, they reduced their price target for Twitter (ticker: TWTR) to $43, saying that there’s still a 60% chance the deal gets done, but at a lower price. They suggest $42 to $45 a share, compared with the current offer of $54.20.
Twitter stock is down 3.8% in the Friday premarket to $37.30 a share.
There’s also a 35% chance that Musk walks away from the deal, they said. If that happens, he would be subject to a $1 billion breakup free and would probably face an extended court challenge from Twitter.
After making his bid in April, Musk said the deal was on hold because there isn’t enough information on the quantity of fake accounts on the platform that distort information for advertisers. Twitter’s management has vowed to enforce the original agreement and promised a shareholder vote on the proposal in late July or early August.
If the deal does fall through, Wedbush would value the shares at $30 or lower. “The Twitter soap opera is clearly coming to some sort of finale over the coming months as Musk makes the decision to stay (with a lower price) or go,” the note said. “$54.20 at this point is essentially out the window.”
Posted on 7/8/22 at 4:42 pm to deeprig9
I hope that brilliant frick burns it down on his way out
Twitter has done way too much damage to the society
Twitter has done way too much damage to the society
Posted on 7/8/22 at 4:43 pm to geauxtigers87
quote:
twitter is full of bots, that's why it's falling apart.
they’ve also literally never made money IIRC
Posted on 7/8/22 at 4:44 pm to deeprig9
The big tech oligarchs keep their #1 brainwashing app on the cycle.
It's been exposed by Musk a good bit, so I'll take that as a small win.
.Gov would never allow Musk to run it freely anyway.
It's been exposed by Musk a good bit, so I'll take that as a small win.
.Gov would never allow Musk to run it freely anyway.
Posted on 7/8/22 at 4:44 pm to Bobby OG Johnson
quote:
Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations.
Posted on 7/8/22 at 4:44 pm to Bobby OG Johnson
and Musk waived Due Diligence
Posted on 7/8/22 at 4:45 pm to deeprig9
This also sets Twitter up for a massive shareholder lawsuit. They basically admitted to Musk they have no way to verify what they claimed was the truth in previous SEC filings. The company will be on its knees after the vultures are done.
This post was edited on 7/8/22 at 4:50 pm
Posted on 7/8/22 at 4:45 pm to deeprig9
Twitter is about to tank. Not a good look
Posted on 7/8/22 at 4:45 pm to deeprig9
well at least he exposed the truth to the leftist propaganda machine and their bods.
Posted on 7/8/22 at 4:45 pm to deeprig9
King bullshite strikes again.
Posted on 7/8/22 at 4:46 pm to Byron Bojangles III
quote:
and Musk waived Due Diligence
That doesn't absolve twitter from now being plainly guilty of defrauding their own investors and the market at large to prop up the stock price. This is "throw yourself out the window" stuff for Twitter leadership.
Posted on 7/8/22 at 4:47 pm to JetsetNuggs
quote:
I hope that brilliant frick burns it down on his way out
Twitter has done way too much damage to the society
Oh trust me he will. The stockholders are furious. Seriously there were no downsides to society at large with Elon doing this. Either Elon owns Twitter and makes it a free speech platform or Elon destroys it and they lose everything. Just think what is going on in the Twitter building right now. It’s fricking hilarious. They’re fricked.
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