Deal After All – Elon Musk Buys Twitter 🤝

Deal After All – Elon Musk Buys Twitter 

The Twitter-Musk saga is more confusing than Inception with the number of crazy things that have happened. The tension between the 2 parties grew to an all-time high after the whistleblower report, and October has rolled around, meaning it’s trial time. Or at least it was trial time, until the most recent development came into fruition.

Out of nowhere, Musk proposed to buy Twitter at the original price of $54.20 per share, or $44 billion. These are the terms Musk agreed to before he decided to back out, and it looks like he is going to return back to that agreement. Twitter made an announcement after, stating that they intend to close the transaction at that price, and it marks a massive reversal of everything that has occurred in the last few months. Release of this news caused Twitter stock to get halted as shares closed up 22.24 percent, and Musk said that the acquisition of Twitter “would be an accelerant to creating X, the everything app.” which left us on a vague ending. It makes you wonder how strong Musk’s legal case was for him to make this decision as the reparations for losing the case would’ve been massive, and it’s important to note that Twitter has already approved of the deal. Now that it looks like this is finally happening, investors are concerned about Musk’s workload as he now must juggle Twitter along with Tesla and SpaceX. Not to mention, Musk clearly has big plans for Twitter as he’s spending almost $50 billion on the company, meaning that his work gets delegated to others. Twitter shareholders were finally saved in the end, but we know anything can happen from here.

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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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