Sell Twitter, Buy Tesla? Here's the Trade as Doubts About Musk's Offer Loom.

The drama between Twitter  (TWTR) – Get Twitter, Inc. Report and Tesla  (TSLA) – Get Tesla Inc Report CEO Elon Musk refuses to vacate, but can anyone be surprised?

Musk’s $54.20-a-share proposal to buy Twitter — equating to a $44 billion deal — has generated a ton of hype.

Today, we see Tesla shares ripping and Twitter stock falling — the latter down 9% — as Musk said, “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”

Source link

Leave a Reply