3 ms·
My theory: Both Facebook and Netflix have cratered in stock price in the past year after bad earnings. It's earnings season now. Maybe Twitter was going to s
by timmg 5y ago
My theory:
Both Facebook and Netflix have cratered in stock price in the past year after bad earnings. It's earnings season now.
Maybe Twitter was going to surprise on the downside. The board knew that without the Musk bid, after earnings, the stock would drop into the 20s.
If they rejected his offer, reported bad earnings and the stock dropped that low, they'd be at huge risk from shareholders.
- rvz 5y agoMakes sense. > Maybe Twitter was going to surprise on the downside. The board knew that without the Musk bid, after earnings, the stock would drop into the 20s. I think it may surprise on the downside initially due to may external factors: Buying out other startups, previous earning's misses, interest rate hikes, Russo-Ukrainian war escalation etc. They might as well accept Musk's deal to take it private at a higher share price while they can before it crashes down to less than $30 if their earnings go south. Twitter is going to get really chaotic when Jack leaves the board in May.