Twitter Is Stuck Between Musk and Snap. It Will Be an Anxious Annual Meeting

80
6
Favorite

Twitter Is Stuck Between Musk and Snap. It Will Be an Anxious Annual Meeting

Barrons2022-05-24

Heading into its shareholder meeting Wednesday, Twitter is caught between a rock and a hard place.The rock: Elon Musk's pending acquisition of the company, which was paused after the Tesla CEO said he...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（6）

SKHan
·2022-05-25
Really
Reply
2
Report
finde
·2022-05-25
Like
Reply
3
Report
LeeKim
·2022-05-25
😀
Reply
2
Report
cks
·2022-05-24
Hh
Reply
3
Report
Ong2021
·2022-05-24
Ok
Reply
3
Report
Ong2021
·2022-05-24
Ok
Reply
4
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2237378569?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-05-24 23:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2237378569","market":"us","top_or_hot":-1,"title":"Twitter Is Stuck Between Musk and Snap. It Will Be an Anxious Annual Meeting","media":"Barrons","content":"<div>\n<p>Heading into its shareholder meeting Wednesday, Twitter is caught between a rock and a hard place.The rock: Elon Musk's pending acquisition of the company, which was paused after the Tesla CEO said he...</p>\n\n<a href=\"https://www.barrons.com/articles/twitter-elon-musk-snap-annual-meeting-51653403685?mod=hp_LATEST\">Source Link</a>\n\n</div>\n","source":"lsy1601382232898","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>Twitter Is Stuck Between Musk and Snap. It Will Be an Anxious Annual Meeting</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\">\nTwitter Is Stuck Between Musk and Snap. It Will Be an Anxious Annual Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-24 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/twitter-elon-musk-snap-annual-meeting-51653403685?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Heading into its shareholder meeting Wednesday, Twitter is caught between a rock and a hard place.The rock: Elon Musk's pending acquisition of the company, which was paused after the Tesla CEO said he...</p>\n\n<a href=\"https://www.barrons.com/articles/twitter-elon-musk-snap-annual-meeting-51653403685?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWTR","symbol_name":"Twitter","start_time":0,"source_url":"https://www.barrons.com/articles/twitter-elon-musk-snap-annual-meeting-51653403685?mod=hp_LATEST","article_id":"2237378569","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2237378569","pubTimestamp":1653405394,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Heading into its shareholder meeting Wednesday, Twitter is caught between a rock and a hard place.Th","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TWTR":"Twitter"},"translate_title":"推特夹在马斯克和SNAP之间。这将是一个令人焦虑的年会","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWTR":0.9},"content_text":"Heading into its shareholder meeting Wednesday, Twitter is caught between a rock and a hard place.The rock: Elon Musk's pending acquisition of the company, which was paused after the Tesla CEO said he wanted to dig deeper into the number of fake accounts on the platform.The hard place: Macroeconomic conditions for tech companies have been less than stellar, and Twitter certainly has been feeling the sting. Snap's announcement on Monday that it was cutting its revenue guidance renewed concerns that the sector could be in for pain longer than expected.On Wednesday, Twitter is going to have to explain to shareholders how it plans to navigate through the strait and ask them to approve their course of action. Last week, Twitter's board of directors filed a proxy statement with the Securities and Exchange Commission, saying it was committed to completing the acquisition process with Musk at the agreed-upon terms of $54.20 a share in cash.Wednesday's annual meeting will not include a vote on the pending acquisition, according to a Twitter spokesperson. The company has planned for a special meeting for shareholders to vote on the acquisition at a later date that has yet to be confirmed.But the topic is likely to come up, especially because there are doubts as to whether Musk will move forward with the deal. And even if he does, there's bound to be more negotiation going on in the background, with many analysts thinking Musk is using the spam account issue to negotiate a better price.In that sense, Musk is also caught in a tough spot.\"We believe with the Twitter shareholder meeting on the horizon and approval for the deal expected, Musk is facing a fork in the road situation in which he has to decide his next step in this soap opera as Tesla investor patience is wearing very thin,\" wrote Wedbush analyst Daniel Ives in a research note.Ives also believes that the market pressure on tech stocks, exacerbated by Snap's guidance, could prompt the Twitter board to accept a lower bid. And indeed, Twitter's stock has fallen 14% this year, dropping about 3% on Tuesday to $36.73 in the wake of Snap's announcement. The shares are now trading lower than the closing price of $39.31 on April 1, which was the last full trading day before Musk disclosed his 9% stake in Twitter.For Musk, the reduced stock price presents an opportunity to negotiate a lower purchase price. And for Twitter, the low bid might be a better alternative than staying independent while trying to fight Musk over backtracking on the offer and assuaging investors on their concerns about user metrics, Ives added.Investors will be watching to see whether Musk will be in attendance at the shareholder meeting -- virtually or otherwise -- given that he owns the largest stake in the company. They'll also stay tuned to Musk's Twitter account leading up to the event, given that the billionaire has been known to announce his actions, including the pause on the acquisition.In the wake of Snap's guidance cut, shareholders will be anxious to hear commentary from management on whether the company's advertising revenue will be as impacted as Snap's in the following quarter. This is especially crucial in case Musk's acquisition bid doesn't go through. The company recently ousted two senior executives and implemented a hiring freeze in response to the macroeconomic conditions and the uncertainty surrounding the acquisition.At Wednesday's meeting, stakeholders will have the chance to vote to elect two Class III directors to serve until 2025, to approve executive compensation, as well as several shareholder proposals.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9026443682,"gmtCreate":1653432349446,"gmtModify":1676535278769,"author":{"id":"3573471135601329","authorId":"3573471135601329","name":"SKHan","avatar":"https://static.tigerbbs.com/edb016a1e76d427cf4bc5ef3a5d38289","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573471135601329","authorIdStr":"3573471135601329"},"htmlText":"Really","listText":"Really","text":"Really","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026443682","repostId":2237378569,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9026454622,"gmtCreate":1653432129866,"gmtModify":1676535278676,"author":{"id":"4092200154493550","authorId":"4092200154493550","name":"finde","avatar":"https://static.tigerbbs.com/7c95921174c1a96b1ca9ad3a793e93fb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4092200154493550","authorIdStr":"4092200154493550"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026454622","repostId":2237378569,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9026495327,"gmtCreate":1653411093369,"gmtModify":1676535276940,"author":{"id":"3577157753646357","authorId":"3577157753646357","name":"LeeKim","avatar":"https://static.tigerbbs.com/19732b3147dce26211e57be67792bc00","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577157753646357","authorIdStr":"3577157753646357"},"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026495327","repostId":2237378569,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9026576256,"gmtCreate":1653406724675,"gmtModify":1676535276364,"author":{"id":"3585217936170343","authorId":"3585217936170343","name":"cks","avatar":"https://community-static.tradeup.com/news/4fe6f857c37a492b36f7573221024ce9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585217936170343","authorIdStr":"3585217936170343"},"htmlText":"Hh","listText":"Hh","text":"Hh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026576256","repostId":2237378569,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9026546772,"gmtCreate":1653405557896,"gmtModify":1676535276140,"author":{"id":"4087873768935830","authorId":"4087873768935830","name":"Ong2021","avatar":"https://static.tigerbbs.com/eec6b0f9969a9aab1913945a2c49ea24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087873768935830","authorIdStr":"4087873768935830"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026546772","repostId":2237378569,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9026546495,"gmtCreate":1653405551517,"gmtModify":1676535276169,"author":{"id":"4087873768935830","authorId":"4087873768935830","name":"Ong2021","avatar":"https://static.tigerbbs.com/eec6b0f9969a9aab1913945a2c49ea24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087873768935830","authorIdStr":"4087873768935830"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026546495","repostId":2237378569,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":80,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}