Business/Markets/Stocks/Economics Random, Random

[ti-amie]

So much going on

[ti-amie]

[MJ2004]

Sent from my iPhone using Tapatalk

[ponchi101]

Well, it is Wall Street. It is dog eat dog there.
If you invest in stocks, just remember what Kurt Vonnegut called them: "The Casinos in Wall Street".

[JazzNU]

A finance guy came on a pod I listen to about 2 week ago and said very clearly, Wall Street does not think that Elon's going to complete the deal. It's what people were saying out loud and what the money was saying too, because essentially, the buyout price is one that should've attracted a substantial amount of buying of Twitter stock because it's basically found money. But there was little movement from typical Wall Street buyers in that direction meaning they didn't think the deal would get completed and that Musk would take the $1 billion dollar penalty and move on, but in doing so tank the Twitter stock price.

The BS meter is always sky high with Elon.

[ponchi101]

A finance guy came on a pod I listen to about 2 week ago and said very clearly, Wall Street does not think that Elon's going to complete the deal. It's what people were saying out loud and what the money was saying too, because essentially, the buyout price is one that should've attracted a substantial amount of buying of Twitter stock because it's basically found money. But there was little movement from typical Wall Street buyers in that direction meaning they didn't think the deal would get completed and that Musk would take the $1 billion dollar penalty and move on, but in doing so tank the Twitter stock price.

The BS meter is always sky high with Elon.

Or, somewhere in the Cayman islands, there is a small company that owns a company in Dubai that owns a company in The Maldives that owns a company in Panama that owns a company in Kitts and Neives that owns a small office in Wall Street that shorted Twitter tremendously, and somehow Elon has stock in THAT little Cayman islands company.
Because by now, I can believe anything.

[ti-amie]

Martha Stewart went to jail for less or am I misremembering? Stephanie Ruhle is a very good business reporter.

[ponchi101]

The tweet became unavailable. As this is in this topic, was it related to Elon?

[ti-amie]

The tweet became unavailable. As this is in this topic, was it related to Elon?

Ms Ruhle said that Musk was speaking at a private event and quoting a stock price below what had been publicly offered. She has deleted it and replaced it with the following:

[ti-amie]

[ti-amie]

There's no posted answer to the last question yet.

[ti-amie]

A short tl;dr on the above.

WSJ is usually paywalled.

[ponchi101]

He can be brilliant at times, he can be a buffoon so many others.

[ti-amie]

[JazzNU]

This is exactly right. Because if you recall, there were competing offers for Twitter's accepted value that would've been taken but for the ridiculous offer Musk made that far exceeded its value.