Posted on 04/26/2022 9:25:52 AM PDT by zeestephen
“Tesla stock is probably down in anticipation of Musk dumping shares to fund his portion of the Twitter buyout. IIRC, it was $23 billion cash from Musk, and a $20 billion”
probably ... but Musk has simply pledged shares as collateral for a loan ... maybe those selling haven’t bothered to read the news ...
“Despite being the world’s richest person, much of Musk’s wealth is tied up in Tesla stock...”
That is a lie. $21 billion is his, the rest is borrowed from investors.
Musk is worth over $200 billion.
I’m sure the democrats will be hell bent to do something with title 47 section 230......NOW
It’s killin’ ‘em I tell ya......KILLIN’ ‘EM!!
Why the Ginger Goebbels was just discussing it yesterday.
I’m sure it’s a complete coincidence...
CNBC never disappoints.
The deal is not done. The board has approved the tender, but the shareholders have not spoken, and there’s lots of time for a deal to fall apart from the buyer’s side as well. Deal probably gets done, but the uncertainty means some people happy to take profits now and not have to predict the quixotic behavior of a narcissist over the next couple of months.
Initial jitters. Will come back up.
Pledging the shares as collateral means the bondholders will need to hedge that position by creating a short position that gains in value if the shares fall.
Well Tesla didn’t buy Twitter - Musk bought it personally.
Musk’s Twitter Purchase Fails After 138,000 Board Votes Found Overnight
SAN FRANCISCO, CA—Elon Musk’s bid to purchase Twitter came up short after 138,000 board votes were found at 2 a.m., a company spokesman confirmed Tuesday. Musk had been in talks to purchase the company for $44 billion.
“We really thought Musk was going to pull this one out,” said Twitter CEO Parag Agrawal. “The yes votes had a strong lead when I went to bed last night, but that was before we counted all the mail-in votes that one of our employees found in locker 142 at the bus terminal.”
When the final votes were tallied, the takeover bid failed by a final tally of 10 votes for, 138,000 votes against. While the final result came as a shock to most observers, Agrawal said the election was fair. “Twitter takes election integrity very seriously,” he noted. “I can confidently say this was the most secure election in American history.”
A shocked Musk took to Twitter Tuesday to express his outrage. “Those ballots…that’s a whole big scam,” Musk tweeted. “The only way I could have lost is if this was rigged! I refuse to accept the results of this vote!”
Musk later tweeted that he was planning a demonstration at Twitter headquarters on May 6 to protest the results. His account was then permanently suspended by Twitter for questioning the integrity of the election.
https://babylonbee.com/news/musks-twitter-purchase-fails-after-138000-board-votes-found-overnight
I goofed.
I could not find the buy out share price, so I divided $44 billion by 763 million outstanding shares and got $57 a share.
Thanks for the correct share price, Yo-Yo.
If they’re legitimate shares and votes, they of course would count, but I haven’t seen that information from any credible news source yet. Where did you hear this?
Oh, never mind. It was “humor”
yep..just look at the trading range today of Amazon.
alot of jitters right now
$54.20 is correct, Gator.
I could not find that number, so I divided $44 billion by the number of outstanding shares, and I got $57.
You were close. :)
The media are desperately looking for ways to turn this acquisition into a bad thing.
They say that the stock went down. If they were honest, they would say that stock prices reflect the average of the prices at which the stock was sold at the close of business on a specific date, relative to another specific date, and that those prices go up and they go down.
They never tell us when the price goes up and the one responsible is a Republican.
The media will be full of negatives over this purchase. Hate speech is going to increase. White supremacy will be promoted. Millions will be tortured and murdered. The world is going to end.
In reality, all that will happen is that snowflake twitter employees will be screaming and wailing at the moon.
The Nasdaq is back to 2020. The markets are currently trash.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.