I made the mistake of looking at my 401K last week after not looking for a year...........its now going the wrong direction, holy moly
He's gonna go through with removing the W and make it the official app for his new University Texas Institute of Technology & Science. Looks like it's halted, not a circuit breaker though.
https://www.prnewswire.com/news-releases/elon-musk-to-acquire-twitter-301532245.html SAN FRANCISCO, April 25, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.
It's still a bit premature as he posted it after the announcement so it's only gone up a couple bucks. His prediction has a good start though. If anyone can solve Twitter's monetization and relevance issues, it's Elon. I've been listening to his interviews this weekend and I get the impression his social interactions outside work and home is on Twitter. Prob because he works beyond his spare time and tweets in the minutes he takes a break
How is Elon taking twitter private going to benefit me? And the post I quoted is from a few weeks ago when Elon bought 9% or something...
Elon taking it private obviously limits the upside for shareholders since the time I posted that, I didn't anticipate that. Otherwise everything else still applies, he will unlock twitters long term value but he will be the only one to eventually benefit.
In the long term, perhaps, but anyone who bought in when Elon bought the 9% back in March made a decent profit off of those shares now that he's bought them off of you. The stock price was $33.95 the day he bought in, if you got in at the same time, you just sold for $54.20. Not a bad haul for an investment of under a month and a half.
Technology ETF Vanguard (VGT) is down about 20% since peak in december...decent enough correction no? Do yall think most of the big tech prices have corrected?
