Twitter Shares Sink After Musk Says He’s Ending Acquisition Bid | Crypto Craft

  • Twitter Shares Sink After Musk Says He’s Ending Acquisition Bid

    From bnnbloomberg.ca

    Twitter Inc. shares dropped late on Friday after Elon Musk said he’s terminating the $44 billion agreement to acquire the social media company. The stock fell as much as 9% in postmarket trading after a regulatory filing from Musk laid out his case for abandoning the deal. The news sent shares of Tesla Inc., the electric car maker that Musk leads, up as much as 3% while social media peers Snap Inc. and Pinterest slid about 1%. Twitter shares have been on a rollercoaster ride since Musk offered to buy the company in late April but have fared better than other technology stocks, which have been under pressure amid ... (full story)

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chemosi
Jul 10, 2022 10:43am
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Quoting RossEdwards
Interesting that this gossip item unrelated to any direct, or indirect significance to currency markets or the geopolitical financial system is labeled "Fundamental Analysis". Perhaps some misunderstanding among Newsstand editors about what constitutes Fundamental Analysis in the context of what moves international currency markets short and long term? That aside.. my own personal call that this was a dumb-assed narcissistic enterprise from get-go, and now sunk on the rocks of Buyer Regret and a fast changing credit climate. could cost...
Come to think of it, maybe some Newsstand editors are trading Twitter shares, hence the biased interest.
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RossEdwards
Jul 10, 2022 4:06am
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Interesting that this gossip item unrelated to any direct, or indirect significance to currency markets or the geopolitical financial system is labeled "Fundamental Analysis".
Perhaps some misunderstanding among Newsstand editors about what constitutes Fundamental Analysis in the context of what moves international currency markets short and long term?

That aside.. my own personal call that this was a dumb-assed narcissistic enterprise from get-go, and now sunk on the rocks of Buyer Regret and a fast changing credit climate. could cost Musks credibility dearly. Kind of bad call that hardly supports a PE of 95 on his flagship stock.which rests so significantly on that credibility. # Just a thought.
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chemosi
Jul 9, 2022 3:49am
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Thats disappointing..

On other news, an example of totally fake news by Fox News host Emily Compagno
https://www.thedailybeast.com/fox-news-host-emily-compagno-stands-by-false-kenya-claim-that-sparked-backlash
https://twitter.com/justinbaragona/status/1545115654931505152
Check twitter comments for the rebuttal.
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emmanuel7788
Jul 8, 2022 9:06pm
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that's good news for short term opportunistic speculators.... make some money!
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