“Musk is really taking over Twitter now”
The farce surrounding the takeover of Twitter by the flamboyant billionaire now seems to have come to a close.
The Tesla boss has shown in the last company in this entertaining soap that he is completely excited to tackle his latest acquisition. For example, he posted a video on Twitter in which he enters the Twitter head office with a sink (sink), under the motto: Let that sink in.
Twitter share rises to takeover bid height
Financially speaking, this means Twitter’s share price will move towards $54.20, Musk’s bid price. Good news for the investors who have held onto their shares of Twitter all along, because they can now take full profit. Many, especially smaller investors, have meanwhile sold their $TWTR at a loss in panic in the tumultuous meantime, which means they are probably looking at the denouement of this tragicomedy with less happy emotions.
Trading in Twitter stocks will be shut down tomorrow, so if you want to trade, you must do so today, or else wait until Monday.
Musk’s future plans
The controversial multi-billionaire and richest man in the world is said to have big plans for his beloved platform. He wants to transform it into a kind of WeChat, a Chinese app that is a payment module, social network and chat application. WeChat is ubiquitous in China and has more than 1 billion users. So the concept could work just fine.
Indeed, this would be a hugely profitable project if everyone switched. Whether that will work is of course always exciting. For example, Facebook has tried something similar before, and it failed. that, while Facebook has more than 1 billion users. The number of Twitter users is much smaller.
What can we say then: Let the show go on.
