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  • Christmas is "temporarily" on hold

    From Technobarbarian@21:1/5 to All on Fri May 13 06:24:10 2022
    If you believe that the hold is temporary, you probably also
    believe that Elon Musk is Santa Claus. The only person who believes
    Twitter is worth what he offered is Musk.

    https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold

    "The company's shares plunged more than 17% in pre-market trading in
    response to the news. Tesla's shares rose about 5%.

    The big picture: Musk's takeover bid has been wrought with so many
    twists and turns that Wall Street is beginning to feel skeptical that it
    will even happen.

    For Musk to liquidate a significant amount of his Tesla stake and to
    wrangle bankers into giving him billions of dollars in financing, only
    to backtrack due to a single article, shows how manic the entire
    takeover process has been.

    Most acquirers go through a thorough due diligence process to address
    these types of concerns before submitting a formal bid."

    "Our thought bubble: There's been speculation for weeks that Musk would
    walk away, and he just took a giant first step."

    "https://www.cnbc.com/2022/05/12/twitter-market-cap-has-dropped-to-9-billion-below-musk-purchase-price.html"

    "Twitter shares have fallen to about $46, well below Elon Musk’s
    purchase price of $54.20."

    That was yesterday. This morning you can pick up shares for around
    $45.

    TB

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Technobarbarian@21:1/5 to Technobarbarian on Fri May 13 07:13:59 2022
    On 5/13/2022 6:24 AM, Technobarbarian wrote:

         If you believe that the hold is temporary, you probably also believe that Elon Musk is Santa Claus. The only person who believes
    Twitter is worth what he offered is Musk.

    https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold


    "The company's shares plunged more than 17% in pre-market trading in
    response to the news. Tesla's shares rose about 5%.

    The big picture: Musk's takeover bid has been wrought with so many
    twists and turns that Wall Street is beginning to feel skeptical that it
    will even happen.

    For Musk to liquidate a significant amount of his Tesla stake and to
    wrangle bankers into giving him billions of dollars in financing, only
    to backtrack due to a single article, shows how manic the entire
    takeover process has been.

    Most acquirers go through a thorough due diligence process to address
    these types of concerns before submitting a formal bid."

    "Our thought bubble: There's been speculation for weeks that Musk would
    walk away, and he just took a giant first step."

    "https://www.cnbc.com/2022/05/12/twitter-market-cap-has-dropped-to-9-billion-below-musk-purchase-price.html"


    "Twitter shares have fallen to about $46, well below Elon Musk’s
    purchase price of $54.20."

         That was yesterday. This morning you can pick up shares for around $45.

    TB

    I had to laugh at myself. I inadvertently left the Twitter stock
    price information on the top of my pile. The stock is now below $41 and
    is still dropping like a rock. Oh yeah, this just has "good deal"
    written all over it.

    TB

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From George Anthony@21:1/5 to Technobarbarian on Fri May 13 07:23:17 2022
    On Friday, May 13, 2022 at 7:14:03 AM UTC-7, Technobarbarian wrote:
    On 5/13/2022 6:24 AM, Technobarbarian wrote:

    If you believe that the hold is temporary, you probably also
    believe that Elon Musk is Santa Claus. The only person who believes Twitter is worth what he offered is Musk.

    https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold


    "The company's shares plunged more than 17% in pre-market trading in response to the news. Tesla's shares rose about 5%.

    The big picture: Musk's takeover bid has been wrought with so many
    twists and turns that Wall Street is beginning to feel skeptical that it will even happen.

    For Musk to liquidate a significant amount of his Tesla stake and to wrangle bankers into giving him billions of dollars in financing, only
    to backtrack due to a single article, shows how manic the entire
    takeover process has been.

    Most acquirers go through a thorough due diligence process to address these types of concerns before submitting a formal bid."

    "Our thought bubble: There's been speculation for weeks that Musk would walk away, and he just took a giant first step."

    "https://www.cnbc.com/2022/05/12/twitter-market-cap-has-dropped-to-9-billion-below-musk-purchase-price.html"


    "Twitter shares have fallen to about $46, well below Elon Musk’s purchase price of $54.20."

    That was yesterday. This morning you can pick up shares for around $45.

    TB
    I had to laugh at myself. I inadvertently left the Twitter stock
    price information on the top of my pile. The stock is now below $41 and
    is still dropping like a rock. Oh yeah, this just has "good deal"
    written all over it.

    TB

    And I can see the shareholders getting all exuberant, and Zuckerberg’s lawyering up for welching on the deal.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)