The twitter deal with Musk is not over. One possibility: a court battle may decimate Twitter as a company, and Musk will be able to buy what’s left of twitter at a much lower price. #ElonMusk #TwitterDeal #FreeSpeech https://t.co/8UQ2yALou5— Don L Turner (@BridgeToThePast) July 9, 2022
Can Twitter get Elon Musk back on the negotiations table by simply carrying out his request? I think a lot of people (myself included) was very keen to see what he could do on/with social media!https://t.co/sozICTOlpB— Tony Kariuki Ndonyo (@TonyKariukiN) July 9, 2022
“This was worst case scenario for Twitter, and now it’s happened,” Dan Ives, the managing director and senior equity research analyst covering the tech sector at Wedbush Securities, said, according to The Washington Post. Ives said Twitter could not only be seen as “damaged goods” by other investors; its stock could also drop further. Wedbush Securities is projecting that when the stock market opens Monday, Twitter shares will be about 30 percent lower than they were on Friday before Musk announced he wanted out of the deal. Ives noted that this is more than just a business deal. “It was a political firestorm that Musk inserted himself into, and now there’s going to be many twists and turns again,” Ives said. “You can’t put the genie back in the bottle.” Donna Hitscherich, a Columbia Business School professor, said Musk’s filing will bring scrutiny on him and Twitter. “Is he a material kind of guy who just changed his mind?” she asked. “Or is there something really there to what he said might be issues with the fundamental nature of the business?” This article appeared originally on The Western Journal.
Twitter Will Prevail In Deal Dispute With Musk, Say Legal Experts https://t.co/51Fv7EM8Eu— Diane Askwyth (@dianerocks52) July 9, 2022