Nice//@robot1234:Elon Musk not

2022-07-09

Nice//@robot1234:Elon Musk notifies Twitter he is terminating deal. Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter.Musk’s lawyer claimed Twitter failed to comply with its obligations in the merger agreement.Twitter’s board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement. “We are confident we will prevail in the Delaware Court of Chancery,” Taylor wrote.Twitter shares were down about 6% after hours on Friday.Twitter has reason to seek to hold Musk to his original terms. The stock has fallen considerably since the board announced it had accepted his offer to buy the company at $54.20 per share. On the day of that announcement, the stock ended the trading day at $51.70 per share. Twitter shares sat at $36.81 as of Friday’s market close.

If Elon Musk Walks Away From Twitter, It Could Save Him $400 Million in Taxes

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Comments

Moolele
2022-07-09
Moolele
One that can afford to play with anything he likes 😅
CYberviRus
2022-07-09
CYberviRus
Thank you
Kin23
2022-07-09
Kin23
Ok
hiiiinvestor
2022-07-09
hiiiinvestor
nice
CuriousMind
2022-07-09
CuriousMind
Ok
Deskok
2022-07-09
Deskok
ok

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Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter.Musk’s lawyer claimed Twitter failed to comply with its obligations in the merger agreement.Twitter’s board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.&nbsp;“We are confident we will prevail in the Delaware Court of Chancery,” Taylor wrote.Twitter shares were down about 6% after hours on Friday.Twitter has reason to seek to hold Musk to his original terms. The stock has fallen considerably since the board announced it had accepted his offer to buy the company at $54.20 per share. On the day of that announcement, the stock ended the trading day at $51.70 per share. Twitter shares sat at $36.81 as of Friday’s market close.</body></html>","htmlText":"<html><head></head><body>\nNice//<a href=\"https://ttm.financial/U/3561596430587504\">@robot1234</a>:Elon Musk notifies Twitter he is terminating deal. Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter.Musk’s lawyer claimed Twitter failed to comply with its obligations in the merger agreement.Twitter’s board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.&nbsp;“We are confident we will prevail in the Delaware Court of Chancery,” Taylor wrote.Twitter shares were down about 6% after hours on Friday.Twitter has reason to seek to hold Musk to his original terms. The stock has fallen considerably since the board announced it had accepted his offer to buy the company at $54.20 per share. On the day of that announcement, the stock ended the trading day at $51.70 per share. Twitter shares sat at $36.81 as of Friday’s market close.</body></html>","text":"Nice//@robot1234:Elon Musk notifies Twitter he is terminating deal. Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter.Musk’s lawyer claimed Twitter failed to comply with its obligations in the merger agreement.Twitter’s board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement. “We are confident we will prevail in the Delaware Court of Chancery,” Taylor wrote.Twitter shares were down about 6% after hours on Friday.Twitter has reason to seek to hold Musk to his original terms. The stock has fallen considerably since the board announced it had accepted his offer to buy the company at $54.20 per share. On the day of that announcement, the stock ended the trading day at $51.70 per share. Twitter shares sat at $36.81 as of Friday’s market close.","highlighted":2,"essential":1,"paper":1,"likeSize":28,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9073824407","repostId":1189164440,"repostType":4,"repost":{"id":"1189164440","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1657289665,"share":"https://www.laohu8.com/m/news/1189164440?lang=&edition=full","pubTime":"2022-07-08 22:14","market":"us","language":"en","title":"If Elon Musk Walks Away From Twitter, It Could Save Him $400 Million in Taxes ","url":"https://stock-news.laohu8.com/highlight/detail?id=1189164440","media":"Dow Jones","summary":"The potential purchase of social-media platform Twitter by Tesla CEO Elon Musk is at risk, according","content":"<html><head></head><body><p>The potential purchase of social-media platform Twitter by Tesla CEO Elon Musk is at risk, according to a Washington Post report. If the deal falls apart because Musk gets cold feet, he would be on the hook for a $1 billion breakup fee.</p><p>That’s a big chunk of change. But at least Musk would get a tax break out of it.</p><p>“It’s good to keep in mind that the payment would be treated as a capital loss, which [Musk] can use to offset capital gains he realized upon his recent sales of some of his portfolio holdings,” says accounting expert Robert Willens. “If that capital loss can offset short-term capital gains, the real cost of the termination fee would be reduced by about 40% of its face amount.”</p><p>That could save Musk up to $400 million, making the real cost of walking away about $600 million.</p><p>Twitter stock was down 3.9%, at $ 37.27, in Friday trading, following The Washington Post report. The S&amp;P 500 and Dow Jones Industrial Average were down 0.7% and 0.4%, respectively.</p><p>Tesla stock (TSLA) was 0.4%, at $736.47. The company had earlier reported second-quarter delivery data that met expectations.</p><p>Musk has some potential tax liabilities coming up for 2022 activity and might be able to fully utilize a tax break. Musk sold about $8.5 billion worth of Tesla stock back in April, presumably to fund part of the potential Twitter purchase.</p><p>Musk, of course, paid roughly $11 billion in taxes for 2021 after the CEO sold Tesla stock for another reason: He had expiring management stock options. He also waded into a debate over taxation on unrealized capital gains, ultimately deciding to sell some Tesla stock and pay the taxes on his gains.</p><p>Musk still holds about 163 million shares of Tesla, about 16% of the total stock outstanding.</p><p>As for the Twitter deal, Wedbush analyst Dan Ives wrote Thursday that he sees a 35% chance Musk walks away from the deal and ends up “in a nasty court battle with Twitter’s Board for the coming months.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If Elon Musk Walks Away From Twitter, It Could Save Him $400 Million in Taxes </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf Elon Musk Walks Away From Twitter, It Could Save Him $400 Million in Taxes \n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-08 22:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The potential purchase of social-media platform Twitter by Tesla CEO Elon Musk is at risk, according to a Washington Post report. If the deal falls apart because Musk gets cold feet, he would be on the hook for a $1 billion breakup fee.</p><p>That’s a big chunk of change. But at least Musk would get a tax break out of it.</p><p>“It’s good to keep in mind that the payment would be treated as a capital loss, which [Musk] can use to offset capital gains he realized upon his recent sales of some of his portfolio holdings,” says accounting expert Robert Willens. “If that capital loss can offset short-term capital gains, the real cost of the termination fee would be reduced by about 40% of its face amount.”</p><p>That could save Musk up to $400 million, making the real cost of walking away about $600 million.</p><p>Twitter stock was down 3.9%, at $ 37.27, in Friday trading, following The Washington Post report. The S&amp;P 500 and Dow Jones Industrial Average were down 0.7% and 0.4%, respectively.</p><p>Tesla stock (TSLA) was 0.4%, at $736.47. The company had earlier reported second-quarter delivery data that met expectations.</p><p>Musk has some potential tax liabilities coming up for 2022 activity and might be able to fully utilize a tax break. Musk sold about $8.5 billion worth of Tesla stock back in April, presumably to fund part of the potential Twitter purchase.</p><p>Musk, of course, paid roughly $11 billion in taxes for 2021 after the CEO sold Tesla stock for another reason: He had expiring management stock options. He also waded into a debate over taxation on unrealized capital gains, ultimately deciding to sell some Tesla stock and pay the taxes on his gains.</p><p>Musk still holds about 163 million shares of Tesla, about 16% of the total stock outstanding.</p><p>As for the Twitter deal, Wedbush analyst Dan Ives wrote Thursday that he sees a 35% chance Musk walks away from the deal and ends up “in a nasty court battle with Twitter’s Board for the coming months.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189164440","content_text":"The potential purchase of social-media platform Twitter by Tesla CEO Elon Musk is at risk, according to a Washington Post report. If the deal falls apart because Musk gets cold feet, he would be on the hook for a $1 billion breakup fee.That’s a big chunk of change. But at least Musk would get a tax break out of it.“It’s good to keep in mind that the payment would be treated as a capital loss, which [Musk] can use to offset capital gains he realized upon his recent sales of some of his portfolio holdings,” says accounting expert Robert Willens. “If that capital loss can offset short-term capital gains, the real cost of the termination fee would be reduced by about 40% of its face amount.”That could save Musk up to $400 million, making the real cost of walking away about $600 million.Twitter stock was down 3.9%, at $ 37.27, in Friday trading, following The Washington Post report. The S&P 500 and Dow Jones Industrial Average were down 0.7% and 0.4%, respectively.Tesla stock (TSLA) was 0.4%, at $736.47. The company had earlier reported second-quarter delivery data that met expectations.Musk has some potential tax liabilities coming up for 2022 activity and might be able to fully utilize a tax break. Musk sold about $8.5 billion worth of Tesla stock back in April, presumably to fund part of the potential Twitter purchase.Musk, of course, paid roughly $11 billion in taxes for 2021 after the CEO sold Tesla stock for another reason: He had expiring management stock options. He also waded into a debate over taxation on unrealized capital gains, ultimately deciding to sell some Tesla stock and pay the taxes on his gains.Musk still holds about 163 million shares of Tesla, about 16% of the total stock outstanding.As for the Twitter deal, Wedbush analyst Dan Ives wrote Thursday that he sees a 35% chance Musk walks away from the deal and ends up “in a nasty court battle with Twitter’s Board for the coming 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😅","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102776605,"gmtCreate":1657329395805,"gmtModify":1663253825430,"authorId":4099364351782360,"author":{"id":4099364351782360,"authorId":4099364351782360,"name":"CYberviRus","avatar":"https://community-static.tradeup.com/news/01a9dd052e60cc14e090e6a5b7323791","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 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