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Maybe when you engage is random speculation you should at least try to check your facts? The stock price was 45.08 when Musk made his offer for twitter and 51.
by shkkmo 3y ago
Maybe when you engage is random speculation you should at least try to check your facts?
The stock price was 45.08 when Musk made his offer for twitter and 51.70 when the twitter board accepted it.
- lapcat 3y agoTwitter was at 77.63 in March 2021. https://www.macrotrends.net/stocks/delisted/TWTR/twitter/stock-price-history https://www.macrotrends.net/stocks/delisted/TWTR/twitter/sto...
- shkkmo 3y agoHow is that relevant? that's a year before Musk made his offer.
- lapcat 3y agoIt's relevant because long-term investors may not have believed that $54 is the max value of the stock. If it was at $77 before, then why not again in the future?
- shkkmo 3y agoSo completely irrelevant to the claim that Musk's ownership bid "dragged down the price" which is clearly false. Of course some investors believed it was possible to hit $77 again, but the probability and timeframe of doing that apparently seemed worse than other available investments given the economic conditions that lead to that price in the first place. This is why the general consensus is that Musk overpaid for Twitter given the market conditions when he bought it.
- add-sub-mul-div 3y agoBut that would defeat the purpose of random speculation?
- shkkmo 3y agoWhich defeats the purpose of constructive discussion. Please source your claims rather than being lazy.