Twitter

Anyone see the news about Elon Musk offering to buy Twitter??? I want to see it happen! He has the board by the... you know... the thing(s)

. He already owns 10% and turned down a board position. If they accept the offer, all stockholders get cashed out at $54.20 a share. If they reject, Elon sells all of his shares along with a lot of retail traders and the stock tanks. This is getting interesting. This is what I call "reality television".

Oh, and the comments from the left are hilarious!!!

Parents

Dusk_Reaper over 2 years ago

That is what Musk is betting on. If Twitter has to admit that in court, the SEC gets involved and Twitter is in big trouble. They will cut and run for a lesser price than risk jail time for fraud or perjury.

Problem is he already signed on that he would buy Twitter and if he back out he would have to pay roughly a billion dollars for breaking the terms of the agreement. He only started making excuses as to not buying when the share prices of tesla started dropping in May/June.

It already looking like its going to court and the sale will ethier be forced through or he will have to pay the penalty fee.
Cancel
Vote Up 0 Vote Down

Sign in to reply

Cancel

Reply

Dusk_Reaper over 2 years ago

That is what Musk is betting on. If Twitter has to admit that in court, the SEC gets involved and Twitter is in big trouble. They will cut and run for a lesser price than risk jail time for fraud or perjury.

Problem is he already signed on that he would buy Twitter and if he back out he would have to pay roughly a billion dollars for breaking the terms of the agreement. He only started making excuses as to not buying when the share prices of tesla started dropping in May/June.

It already looking like its going to court and the sale will ethier be forced through or he will have to pay the penalty fee.
Cancel
Vote Up 0 Vote Down

Sign in to reply

Cancel

Children

No Data