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So…if the deal goes through the stock cannot “correct” because there will be no open market for twitter shares. Elon is proposing to buy all the shares, not ju
by runnerup 4y ago
So…if the deal goes through the stock cannot “correct” because there will be no open market for twitter shares.
Elon is proposing to buy all the shares, not just a controlling majority. Twitter would no longer be on the NYSE.
So twitter can be saved from general market trends indefinitely, as long as whoever is bankrolling it can continue feeding it cash whenever twitter operates at a loss.
- paxys 4y agoElon isn't going to hold 100% of the shares. He already has a ton of VCs and other outside investors (including some funds) lined up to finance the deal. So Twitter will still be active on private markets.