$5 is a return off 10%. In the current situation that sounds great in the market.
Well, not to me and Iâm a tiny stockholder. There is risk, IMO. And also the stock could turn quick and be thinly traded also IMHO. Why? Well many people who owned Twitter donât like Musk and they might not want to hold the stock ( so they are would be sellers). They are holding the stock hoping for the payoff ( like me). But any bad news could turn it quick.
10% is a good return! But not a great return, IMO for 6 months with inflation going nuts. And you still have to buy and sell it to get that return. Youâre holding it til Oct. So not a day trade. Thatâs what I am thinking in terms of the stock. Iâm comfortable holding 10K, but I wouldnât hold 100K. Just too risky. Iâd rather trade something that had a lot of volume and less risk. Iâll be happy if I make a decent profit ( about 20%) but I didnât buy it for that reason.
Now Iâm wondering if heâs just creating an elaborate excuse to unload his Tesla shares.
This is what my husband has been telling me.
Bill Maher hits the nail on the head for why Twitter needs Musk. Bravo!!
What did Bill Maher say??
Here a few lines from Maher:
âHas Twitter failed in setting itself up in the past as the judge of what can go out there? And I would say yes, you have. You failed when you threw the New York Post off of Twitter for talking about Hunter Bidenâs emails. And it turned out that was a real story. You failed when you said we couldnât read about whether COVID had come from a lab. You failed!â
âTwitter could be a place where you might see an opinion that you didnât formally consider, and we need that desperately in Americaâ
âIâd much rather have Elon Musk making the rules that a 23-year-old who canât take the joke on Babylon Beeswax, or whatever the fâ that is. I mean, this is a generation that doesnât know what the word âviolenceâ means. They think âviolenceâ means âanything I donât like.â Their standard of free speech is âIâm uncomfortable.â Thatâs not where the standard is, right?â
âCivics doesnât exist anymore. They donât know ⊠âFree speech? What the fâ does that mean? It hurt my feelings.â Thatâs what matters to them. Thatâs what I worry about. I mean, I hear it all the timeâ
âI think thatâs what Elon Musk wants to fix at Twitterâ
So I say it might not happen and someone says take if with a grain of salt. Then I say will then you can make an easy 10% and all of a sudden there is risk.
Sorry, Iâm not understanding your point. Can you rephrase it?
Iâve heard his name mentioned before, when heâs gotten into trouble, but I had to look up who Bill Maher was and why his opinion matters.
I said the deal might not happen. Someone asked for sources. I found one article that someone dismissed.
So I asked then why the stock wasnât trading at purchase price. Then you said the deal was risky.
Seems like the same thing.
As expected, the deal is âtemporarily on hold.â
He agreed to pay $54/ share and last I saw itâs trading around $41-$42/share. I have my doubts about the deal closing, but it looks like a classic renegotiating ploy.
Exactly. If Elon walks, and pays the billion dollar breakup fee, the share price drops into the $30s. So, perhaps the Board might be happy with something in the high 40âs?
Sounds like the board misrepresented the number of bots in the original deal, so heâs holding their feet to the fire.
This is a complete crock⊠a pretext - he is grasping at straws to either walk away or to renegotiate the deal. Tesla stock is down in the dumps. Thatâs all to it. Oh, and to put out enough smoke to distract from the recent court developmentsâŠ
Surely Elon would be happier with a price of $42.69?
The bots are a problem. If most conversations are with computer programs artificially manipulating content, instead of actual thinking people, that calls Twitterâs credibility into serious question. Plus, Twitter is not that big a company and theyâre underwater financially. If Elon pulls out, their stock price goes off a cliff and theyâre toast.
This information is specifically disclosed in Twitterâs SEC filings. For example, see page 5 on Twitterâs SEC Form 10-K filed with the SEC in February 2022. This is a publicly available document, and anyone can review it.
I would be very curious what information anyone has to call this number into question. This would be a normal question to ask during pre-closing due diligence, but I wonder why the deal would be âtemporarily on hold.â
Speaking as a bot, Iâm insulted. We think thru our computer programmers, who continually update and improve us.