Musk offers to buy Twitter in cash....

SlugSlinger

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Does the woke like being broke or having their way?

Funny the abc article mentions Tesla stock falling 16% this week but failed to mention the pre-market chaos of the reality of the real value of Twitter outside of the takeover.


Shares of the social media company fell 17.7% to $37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in early April and subsequently made a "best and final" offer to take it private for $54.20 per share.
 

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Tulsa Area Shooter

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Does the woke like being broke or having their way?

Funny the abc article mentions Tesla stock falling 16% this week but failed to mention the pre-market chaos of the reality of the real value of Twitter outside of the takeover.


Shares of the social media company fell 17.7% to $37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in early April and subsequently made a "best and final" offer to take it private for $54.20 per share.
If you knew you would soon be able to sell shares at $54.20 why would you sell for $35.09? Clearly the market doesn't trust Musk to come through. Make no mistake, money talks so this is no social statement. Musk being Musk, it is possible that he is using the 'hold' to manipulate the price and then come back with an excuse like the fake accounts percentage for having to make a lower offer...or to bow out. Of course, posting comments to manipulate stock prices is a good way to attract federal attention.
 

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Fake accounts, deal on hold for now. They’re getting exposed 🤭

 

SlugSlinger

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The test sample size was 100 ?!?

That is a freaking joke. No wonder he stopped the deal.



Elon Musk on Saturday tweeted that Twitter Inc's legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform's checks on automated users was 100.
"Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100!" tweeted Musk, chief executive of electric car maker Tesla Inc.

Musk on Friday tweeted that his $44-billion cash deal to take the company private was "temporarily on hold" while he awaited data on the proportion of its fake accounts.

He said his team would test "a random sample of 100 followers" on Twitter to identify the bots. His response to a question prompted Twitter's accusation.

When a user asked Musk to "elaborate on process of filtering bot accounts," he replied: "I picked 100 as the sample size number, because that is what Twitter uses to calculate <5% fake/spam/duplicate."

Musk tweeted during the early hours of Sunday that he is yet to see "any" analysis that shows that the social media company has fake accounts less than 5%.

He later said that "There is some chance it might be over 90% of daily active users
 
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