Elon Musk is looking for investors for Twitter
- December 18, 2022
- 0
Elon Musk’s history with Twitter continues to give us situations that are relatively easy to explain, but extraordinarily difficult to understand. That it all started as a bravura
Elon Musk’s history with Twitter continues to give us situations that are relatively easy to explain, but extraordinarily difficult to understand. That it all started as a bravura
Elon Musk’s history with Twitter continues to give us situations that are relatively easy to explain, but extraordinarily difficult to understand. That it all started as a bravura that eventually spiraled out of control is something that seems little or no dispute at this point. And that many of the moves he’s made since then respond to guts rather than logic, something that goes into one package that’s indivisible, like yogurt in a supermarket.
You will remember that after signing the purchase agreement, he almost immediately started attacking the management team at the time. His goal? He revealed it himself shortly afterwards: to force a drop in the purchase price. At that point, it was clear that Elon Musk was fully aware that the price of $54.20 per share was well above the optimal value of the titles. In other words, not only did he end up making a purchase he didn’t want to make, he also paid a price significantly higher than the correct price.
Fuss and tantrums were to no avail, Twitter decided to sue, and given more than bad prospects in the courts, Elon Musk had no choice but to back down and complete the purchase on the originally agreed terms, that is, terms that were quite detrimental to him. their economic interests. Since then, after his arrival at the Twitter address, chaos reigned over the management of the social network, as we informed you in time. From massive layoffs to censorship (yes, at the hands of whoever has become the sursum corda of freedom of expression) to journalists who published texts critical of him. Pure hypocrisy, nothing new under the sun.
Be that as it may, what really bothers Elon Musk are his accounts, and as we can read in The Verge, is now looking for investors interested in buying some of his Twitter stock. And at what price do you offer the titles to potential applicants? Yes indeed, for the $54.20 he bought them for. Something that might make sense if it weren’t for the fact that he himself has been indicating for months that he bought well above the optimal price, which doesn’t seem like a good trading strategy.
This is done by imagining a car dealership that buys (resells) a car of a certain brand. He pays, let’s say 15,000 euros, much more than he should, and for months he posts several videos on his YouTube channel explaining all the reasons why it’s a terrible car, that it’s in terrible condition and that it caused him a sensation.terrible. And one day he takes it to the workshop to change the paint and then tries to sell it for 18,000 euros. What doesn’t fit?
If there’s anyone who’s been trying to make it clear in recent months that Twitter’s value is far below the price Elon Musk paid to take over the social network, it’s undoubtedly been Musk himself. And perhaps for this very reason, it will now be rather difficult to find those potential investors who would alleviate their economic situation. One more example, and there are already a few, of making visceral decisions on Twitter, which is always a mistake in these cases.
Source: Muy Computer
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.