$Twitter(TWTR)$...[Speechless] Wow [Surprised] , this is really a big news thank to Elon...
Elon Musk has officially filed to terminate $Twitter(TWTR)$deal.
$Twitter(TWTR)$sue Elon for that (Not for the 1B withdrawal fee.)
8/7/2022, $Tesla Motors(TSLA)$share rebounded higher, maybe is dye to this reason.
$Digital World Acquisition Corp(DWAC)$soared on the post market.
So, as the reason to why Elon terminate Twitter deal is that he claimed so that it's about bot issue & Twitter is not cooperative by giving him the "useful" informations to him & his own expert analysts + suspiciously avoiding his requests.
In my opinion, it looks to me more like = Economy is bad + Possible recession = Elon don't want buy extra burden for himself. [Thinking] +[Helpless]
So, now Twitter only left with 2 choices.
1. Give Elon the informations he wanted & prepared for a cut in the deal offered (lower price)
2. Sue Elon for [USD] & go into a long drag on case that keeps draining [USD] + ⏳️ (May not even be successful)
So, afterall everything will be settled in court, including a possible slashing of Twitter deal price even it is able to hold.
As for whether Elon will accept a possible slashed price, idk 🤷♂️ (Chance of Elon buying Twitter is very much lower now). But, I think most ppls are expecting a slash in the price deal.
Tesla investors think that this new case is good to them as now Elon has more time ⏲️ to focus more in Tesla, instead of wasting time on "somewhere" else.
Some also mentioned that maybe Elon will start his own social platform company or buy DWAC [Thinking] +[Helpless] .
As for those investors invested in Elon buying out Twitter, u have my sympathy [Comfort]. This is why "Invest in a company but not in an individual person".[Smart]
Last but not least, I heard some funny story 📖 that Twitter buyout from the start is already a joke from Elon's 'hinting' as the buyout bid offered is 54.20 USD. There are the numbers "420" in the offered price. Something about 4/20 a popular holiday celebrating cannabis culture and using 420 to reference marijuana has become a widespread meme. I also has no idea what so funny about that joke [LOL] & I just know this not too long in a few days as I only started reading more on Elon news not too long [serious] .
DYODD before investing [OK]
Comments
Hmm... [Thinking]
According to the post
"So, now Twitter only left with 2 choices.
1. Give Elon the informations he wanted & prepared for a cut in the deal offered (lower price)
2. Sue Elon for & go into a long drag on case that keeps draining + ⏳️ (May not even be successful)"
The best choice for Twitter seem to be choice number 1. But, what if Elon ask for more information in order to cut the deal further? [Thinking]
Choice number 2 will the lose-lose kind of scenario, as unnecessary resources are spent on the case, and this will lead to further drop in their stock price.
Regardless which choice taken, the winner may be DWAC? [Thinking]
dyodd! [Cool]
$Twitter(TWTR)$
$Tesla Motors(TSLA)$
$Digital World Acquisition Corp(DWAC)$
Thanks Big Cat [Heart]