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Well yeah, he offered to buy Twitter at above stock price, then the stock prices crashed a whole bunch and that’s even before last week when Meta, Snapchat, Ama
by akmarinov 4y ago
Well yeah, he offered to buy Twitter at above stock price, then the stock prices crashed a whole bunch and that’s even before last week when Meta, Snapchat, Amazon got destroyed.
They sold Twitter at the perfect overvalued moment, for more than it was overvalued at. They’d be idiots not to do their best to close the deal.
It’s like if you sell a house last year at sky high prices, you shake on it with someone offering you a million more than the house is worth and the house is leveled by Godzilla in the meantime.
- politician 4y ago> They sold Twitter at the perfect overvalued moment. I agree. Yet, if the argument in these comments is that Elon Musk is the Bad Guy(tm) because he overpaid for Twitter just as the Federal Reserve decided to start cranking up rates and as the world descends into recession, that argument ignores the elephant in the room.