Summary:
- More prospective buyers wanting to take part in the potential buying of Twitter.
- Does Musk have what it takes to run Twitter?
- Investor confidence in Musk’s future plan with Twitter.
The lack of investor confidence in Musk's ability to run and finance Twitter...
On the 14th April 2022 Elon Musk offered to buy Twitter for around $43bn, on this day the price of the stock fell around 2% in value. Normally when there is news that there is an offer to buy a company at a price higher than the market value the investors would buy the shares to crank up the price, this was not the case with Musk and Twitter.
The lack of investor confidence in Musk's ability to run and finance Twitter was confirmed when Twitter proposed a “poison pill” in an attempt to deter Musk from his acquisition plans.
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Since Musk offered to buy Twitter, more companies have risen to the challenge and want a spot at the purchase table. Twitter's share price has been volatile recently. Now that there are more prospective buyers in the game, the truth of whether or not Musk really wants Twitter is hanging on his next move.
Twitter Price Chart
Sources: Time.com, finance.yahoo.com, latimes.com
