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But for Musk's machinations, said stock price would not be down 40%. He caused the stock to drop.
by donarb 4y ago
But for Musk's machinations, said stock price would not be down 40%. He caused the stock to drop.
- jimmydorry 4y agoI'd say the tech sector getting routed played a bigger part. It's not like Twitter dropping 40% (for any reason) is exceptional amonst all the other stocks that dropped 20-60% over the last year.
- CogitoCogito 4y agoI guess if public investors 100% believed Musk would pay, the stock should sit at $44 billion. I guess if Musk is forced to close or to pay equivalent damages, the value will jump back to that in the end.
- harambae 4y agoExactly. Plenty of people willing to profit off the arbitrage if he's actually going to be forced to buy twitter at the original amount. The current price ($32) reflects be probably won't.