Just set this alongside this:“No such thing as a deal being on hold," said Twitter GC @vijaya at an employee meeting price, asserting the $ 54.20 a share price was THE price. Not that Chaos Monkey — whom I do not think will walk — isn’t doing his best to change that. https://t.co/nXapCrye7e
— Kara Swisher (@karaswisher) May 20, 2022
"Tesla’s shares have declined more than 40 percent since April 4 — a much steeper fall than the broad market, vaporizing more than $400 billion in stock market value. And the tumble has called attention to the risks that the company faces. These include increasing competition, a dearth of new products, lawsuits accusing the company of racial discrimination and significant production problems at Tesla’s factory in Shanghai, which it uses to supply Asia and Europe."“Mr. Musk has not helped the stock price by turning his bid to buy Twitter into a financial soap opera. His antics have reinforced the perception that Tesla lacks an independent board of directors that could stop him from doing things that might damage the company’s business and brand," The Times reported. "Tesla’s image is under pressure in ways that could hurt the automaker among the environmentally conscious, politically liberal customers who have long been its biggest customer base. The California Department of Fair Employment and Housing is suing Tesla, accusing it of allowing racial discrimination and harassment to flourish at its factory in Fremont, Calif., near San Francisco."
Always follow Deep Throat’s advice. Which also means: no, he’s not buying Twitter. The plunge in value of Tesla stock (the source of his “super-rich” power) is the tell. He can’t afford it now. Nor can he sue, or bluster, his way back to wealth.
He can hire the lawyers, and they can file lawsuits. But only the lawyers will make money. Just ask Donald Trump.
— Will Oremus (@WillOremus) May 20, 2022Certainly the more cogent question.
No comments:
Post a Comment