3 ms·
Only reason twitter hasn't tanked is people holding on hoping this deal goes through otherwise it would have dropped significantly with the rest of the tech ind
by boringg 4y ago
Only reason twitter hasn't tanked is people holding on hoping this deal goes through otherwise it would have dropped significantly with the rest of the tech index. My point is that its market cap is artificially overvalued currently on hopes that elon buys at 54$ (which i doubt he will)
- ckastner 4y agoI too believe that he'd be crazy not to renegotiate. As far as I recall, they agreed on a break fee of ~$1bn if Musk walks away. But if he can lower the price to $40 a share (which is still far higher than market would probably be, at least in this market), he gets Twitter at $31bn instead of $42bn.
- boringg 4y agoPainful break fee - worth it in current market conditions though his equity hes putting up will have been reevaluated downwards too.