Conor Mac's avatar
$320.3m follower assets
Twitter's $44B Deal on Hold
Elon Musk announced earlier today that his proposed $44B acquisition of Twitter $TWTR will be put on hold "pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users".

The stock is currently trading ~20% down in the pre-market, for ~$35 per share.

Joey Hirendernath's avatar
Is the deal not expected to close at $54 per share? What are your thoughts on the gap closing and the nature of that bet?
Conor Mac's avatar
@joeyhirendernath I sold my stake at $51 because the potential upside was limited, and the chances of the deal not going through seemed to be too great for my liking. Was a risk/reward decision.

As for now, maybe a speculative, small outlay, bet, but not one I am taking.
Nikki Dunn, CFP®'s avatar
I am quite glad I sold half my TWTR shares on the pop just incase this deal fell apart
Conor Mac's avatar
@shetalksfinance same… sold first half then, sold the other half two weeks ago. Feels good in hindsight.
Hag's avatar
If this deal doesn’t go through, will $TWTR continue to be under monitised given it history? Musk might be able to do what others couldn’t but I don’t worship at the church of Elon.
Conor Mac's avatar
@hag I think so, but probably going to need to rebuild again. They have laid off their former head of product, and a few other excecs who were part of the "focus on revenue through product velocity" narrative they painted in 2020.