Tesla stock ‘tarnished’ by Musk’s Twitter antics, analyst warns
The Musk-Twitter saga started when the billionaire acquired a 9% stake in the firm back in April and within weeks announced a bid to acquire it at a massive premium.
The Musk-Twitter saga started when the billionaire acquired a 9% stake in the firm back in April and within weeks announced a bid to acquire it at a massive premium.
The world’s richest person has now sold US$19.3 billion of Tesla stock since announcing his Twitter takeover.
Users with Twitter Blue can post longer videos and have their content prioritized.
The Saudi royal tweeted “Dear friend “Chief Twit” @elonmusk Together all the way @Twitter.
Musk fired Twitter CEO Parag Agrawal and other top executives as his US$44 billion deal closed, CNBC first reported.
The number of “heavy tweeters” is in “absolute decline” amid a downturn in interest for news, sports and entertainment content, Reuters reported.
Musk has until October 28 to close the deal or face a trial in November.
Twitter shares initially rose 13% early Tuesday afternoon after Bloomberg reported Musk’s purchase agreement is back on, and the price kept rising after a midday trading halt ended.
Elon Musk brought a decisive end to Jeff Bezos’ four-year run as America’s richest person.
Elon Musk’s buyer’s remorse will officially be put to the test in court.