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.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio, or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

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.

Share:
More Posts
OPEC’s Decision 🛢

OPEC leaders just hosted an important late-November meeting that may signal a change in strategy.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.