Twitter shares to reprice down after Musk's 9% stake and $44 Billion offer for the social media giant. In the shadow of Trump's return to the platform, Twitter's price may collapse as an exodus of users leave and ad revenue dries up. Hedge Funds are now eyeing Twitter as a short sell.
Elon Musk will reverse Donald Trump's Twitter ban, which could be seen as a 44 Billion $ vouch for the former President to return to Twitter after inciting the January 6th 2021 far right riots on the Capital buildings in Washington, as noted with the Twitter Chart above, the price incline began on the 1st April, when Musk revealed his 9% stake in the social media giant and then a warning on the 25th by Angelo Carusone of media watchdog group Media Matters, saying that a Musk takeover of Twitter means Trump “will almost certainly be replatformed in weeks.” Twitter share price starts to sell from its 5th April 2022 high of $52 down to $47 as of the 10th May. Note the tight trading range extending to the price support of $44 and as excellent article from Fortune has revealed, Musk may indeed reprice Twitter lower to offset his debt/collateral headache for the acquisition.
Still, throwing Twitter out as a profitable company to a privatized behemoth is a risk from hell.
You gotta have some revenue...even with an exodus of users leaving the platform.
Both Twitter and Tesla will be shorted by Hedge Funds.
Nothing is certain.
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