Why would he buy the company after the stock crashed? He could buy the company for way cheaper publicly. Who cares what the contract says, theres different rules for billionaires than there are for the contracts I sign. No sane person would go through with it after the stock crashed, its not a financially smart move. A lot of geniuses in this thread but lack basic social and common aptitude as usual. Life is not a fantasy, its corrupt and rich people can do what they want.
The house was appraised and you signed a contract to buy it as-is. Then you take a hammer to every window and pipe then try to use that to negotiate a lower price.
Sorry, that is not how it works. It's clear that this is a continuation of Musk's feud with Twitter's management. His goal from the onset was to damage Twitter.
Is this true? My understanding is that the "crash" is inline with other tech companies losing value in the same period. IIRC (and I might not!), it only looks like Musk caused the crash if show only the Twitter price. Once you overlay it with some other stocks, it looks pretty normal.
> Is this true? My understanding is that the "crash" is inline with other tech companies losing value in the same period.
It spiked because of his antics and then crashed because of his antics.
Twitter stock today ($42.52) is basically where it was at the beginning of the year ($42.66 on Jan 3), on April 1 ($39.31, right before it was disclosed that Musk was the single largest shareholder), and where it was on May 16 ($37.39, after most of the fallout of him pulling out).
Please let me know if another tech stock's price has jumps that are aligned with those events.
wouldn't the "damages" be the difference between today's price and the price it would be today had there been no actions by Musk?
I'm having trouble finding a shareable link but it's clear he had an effect on the price when he made the offer and when he pulled out but, to me, TWTR appears to have gained in value compared to AMZN, GOOG and AAPL YTD.
To continue the terrible analogy of a home, what appraisal was done where on preparing to move in you find rising damp, nests of rats under the floorboards and the slap of paint on the roof was hiding the need for a full roof replacement?
