Update (0750ET): Twitter shares are bouncing back now that Musk has clarified that the deal saga isn’t over yet: on the contrary, Musk just clarified that he is “still committed to the acquisition”.
Still committed to acquisition
— Elon Musk (@elonmusk) May 13, 2022
Twitter shares trading in the premarket have rallied on the clarification.
* * *
Two weeks ago, after Twitter reported disappointing earnings and admitted that it was “overestimating” millions of users since 2019, we asked whether this “merits a purchase price adjustment.”
Twitter gets acquire and quickly admits it was “overestimating” millions of users since 2019. Does this merit a purchase price adjustment? cc: @elonmusk pic.twitter.com/RDK7Q5LHeY
— zerohedge (@zerohedge) April 28, 2022
A few days later, noted short-seller Hindenburg Research picked up on this and in a report warned that Twitter is overpriced and that there is
..... (Read more by following the post link below)