How Musk’s Twitter takeover plans shook Wall Street and social media
Elon Musk has many hats TeslaSpaceX CEO CEO, CEO of Boring Company, founder of Neuralink and Neuralink.
A prolific writer, he is also. Twitter user. Wall Street and social media were shocked to hear that Musk offered $44 billion for Twitter in order to purchase the company and become its CEO.
In an interview with CNBC, Dan Ives from Wedbush said that “Forty-four billion” continues to be a major problem for a company I think is worth more than $30 billion or $35 billion. But when you are the wealthiest person on the planet, it’s possible to do this. Twitter investors were drinking champagne and enjoying their favourite alcohol when they first saw $44 billion.
But, it is possible for the deal to fall apart. Musk indicated that the deal will be put on hold while he clarifies how many fake Twitter accounts exist, due to ongoing volatility in stock markets. According to analysts, Musk could be using the debate to lower his $54 per share offer for a takeover. This is after so much has happened in tech stocks these past weeks.
Musk is found on Friday embroiled in scandal. To respond to Business Insider’s report, SpaceX offered $250,000 to a Flight Attendant in Severance for sexual misconduct allegations against him.
Twitter did not comment on the claims and reiterated earlier statements that it was committed to Musk’s original agreement.
The video below will explain how Musk bid for Twitter was put together and how it could evolve under Musk’s watch. It also explains what potential obstacles could hinder the transaction.