Is Twitter turning the tide?

$Twitter(TWTR)$will be holding an extraordinary shareholder meeting tomorrow to vote on Elon Musk’s proposed $44 billion acquisition of the social media platform, which the $Tesla Motors(TSLA)$'s CEO has since attempted to walk away, with both parties accusing one another of non-compliance of its contractual obligations.

After Twitter filed a lawsuit against Musk to hold him to the original acquisition agreement and an unsuccessful bid by Musk to delay the court hearing, a 5-day trial is set to commence on Oct 17.

I would expect the EGA to pass the vote overwhelmingly in the meantime. Twitter’s share price has since recovered from its low after Musk announced his abandonment of the deal, as the market doubted that Musk’s bad faith and buyer remorse will go well with the judge and get him out of the agreement.

Will you take a position in Twitter now in anticipation of a favourable legal outcome for the social media company? There’s almost 30% profit to be had based on its last-traded share price if Musk were to be forced to honour his best and final offer to buy the company for $54.20 per share.

On the other hand, the stock is likely to retest its low of $31 and perhaps even breach that and set another record low if the outcome turns out otherwise.

I’m not sure about the fortune of Twitter eventually, though I believe the court case is going to consume much of Musk’s bandwidth in the near future and deprive Tesla of the CEO’s dedicated attention at a time when that is most critical to helm the electric car maker amidst tightening business environment and fend off increasing competition from other EV makers and incumbent conventional car makers jumping onto the EV bandwagon.

@TigerEvents@TigerStars@TigerWire@MillionaireTiger

# 💰 Stocks to watch today?(29 Nov)

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  • T0000024852
    ·2022-09-12

     Hi

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    • pekss
      [Smile]
      2022-09-13
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  • JC888
    ·2022-09-13
    Just wanna sit back n watch mudsling law suite unfolds, how unscrupulous some Bizman could be despite being labelled richest. Act that leads to it is not. When has no morals its like that.
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    • pekss
      However, he would be forgiven by his supporters, if not acquiring Twitter will direct his resources to run Tesla devotedly and prop up its stock price.
      2022-09-13
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    • pekss
      Indeed walking back from his agreement does not bode well for his reputation and trustworthiness. It’s not uncommon of him to act at the spur of the moment and get himself into hot soup.
      2022-09-13
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  • RedpillBluep
    ·2022-09-13
    Honestly, it's more like a gamble and Twitter's fundamentals aren't that impressive and even if they win the lawsuit against Elon, they will still be dealing with SEC, DOJ, privacy groups, investors and God knows what other groups on their handling of data, spam, bots and deliberately lying/misrepresentation of figures and failure of protecting user data (required by law) so I would rather bet against them (shorting) than to buy and hope for a favorable outcome. That is my honest opinion.
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    • pekss
      I was astonished by his bid for Twitter in the first place, which appears to overvalue the platform. Its share price is only being buoyed by prospect of an eventual takeover, which may drag for years.
      2022-09-13
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  • 推特走向没落
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    • pekss
      我没有推特,也从没想过要有[Grin]
      2022-09-13
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  • th0mastan
    ·2022-09-13
    Musk doesnt seems like someone who can rest on his laurels. He is prob trying to seek for the next challenge. While $Tesla Motors(TSLA)$ is still growing, it has created an impact as industry leader
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    • pekss
      He is indeed visionary and the first name to think of whenever one speaks of the EV industry [Strong]
      2022-09-13
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  • PatekP
    ·2022-09-13
    很好.不一样角度的见解.👍🏻👍🏻
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    • pekss
      谢谢!
      2022-09-13
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  • LesterTan
    ·2022-09-13
    This fight of EM n twitter is getting ugly
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    • pekss
      Indeed, it reveals the ugliness of the corporate world when things fall apart.
      2022-09-13
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  • lappiloco
    ·2022-09-13
    lets go tesla
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    • pekss
      [Allin]
      2022-09-13
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  • hd87
    ·2022-09-13
    Thanks for sharing:)
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  • John_SG
    ·2022-09-14
    推特被马斯克这位老兄推了一把!
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  • He Man
    ·2022-09-19
    nice
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  • hiiiinvestor
    ·2022-09-14
    K
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  • Blueskyyy
    ·2022-09-13
    Oh
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  • LigerBear
    ·2022-09-13
    👌
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  • Reann
    ·2022-09-13
    ok
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  • angelchow
    ·2022-09-13
    ok
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  • angelchow
    ·2022-09-13
    ok
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  • roadtomill
    ·2022-09-13
    Twitter ftw
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  • YangXH
    ·2022-09-13
    hope it up
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  • wobi
    ·2022-09-13
    hope so
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