3 ms·
How is that relevant? that's a year before Musk made his offer.
by shkkmo 3y ago
How 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.