Musk “melts” Twitter shares with a “tweet” (then edits himself) | Associations
American businessman Elon Musk is back to start the confusion on Twitter. All they received was a letter, published around 11 am (in mainland Portugal) saying that the purchase of this site had been canceled, as Twitter was introducing a drop. much of the trade before the opening of the New York Stock Exchange. The letter became world news that the deal would be released, leading Musk to return to Twitter to explain where Second language: “I’m determined to win.”
In the first message, Musk wrote that he had resigned “feet“ [em espera] and you see a lot of fake stories on the internet after all. In the latest report, Twitter noted that it has increased the number of active users in the past three years. It was reported that at least 5% of the stories were either false or the authors were false spam (unsolicited commercial messages).
The businessman donated 41 billion euros via Twitter. The word was immediately published in the press, indicating that the agreement was final. However, to date, there is no official confirmation of this phenomenon. On the contrary. Musk ended his self -correction with a second statement confirming he was committed to the profession. But disaster struck: Twitter was “melted down” (then restored). These are some positive consequences for Musk: the Twitter he wants to buy fell more than 17% in trading before the Wall Street stock market opened; and Tesla (which owns and owns the shares it wants to give to a creditor on a bank loan) up 5%.
Following the opening of the New York Stock Exchange, Twitter fell by 11% (around 3 pm in Portugal). Tesla, on the other hand, maintains its growth rate of about 5%.
In the site from the U.S. stock exchange regulator, the SEC, there is no document as to where the release could be. He will have to wait and see if there is any official talk or, like what happened in August 2018, it was just a talk by Musk with serious consequences for the market.
On August 7 of that year, the business began He wrote that he would consider taking Tesla out of the market. In the next few hours, parts of the group stepped up. After a month and a half, the SEC sued Musk for fraud, accusing him of entering into an agreement he did not intend to make and, in the process, turned over. the nature of the market. Three days later, Musk reached an agreement with the SEC to avoid prosecution: for prosecution, he agreed to pay $ 20 million; he was forced to resign as director of the board (although he had held the position of director); and all memos with a financial result at Tesla were approved in advance by attorneys.
Knowing the past, we look forward to more of this case. Twitter’s sales aren’t going away tweet. Technical knowledge is required. According to Reuters, neither sides have commented so far. However, in the stock market, the volatile waves continue.
The last Twitter complaint was filed with the SEC two days ago. About the Saudi king agreeing to give up his shares in a sale led by Elon Musk.
Musk is not banned from tweeting about the sale of the site, but he is limited in what he can post. He was the one who finalized the first deal that was awarded at the end of April to the SEC. Musk should refrain from criticizing the current Twitter management team or sending messages with financial or financial consequences on Twitter. That’s what he has today, with ease tweet. What does the SEC and the owners and powers of Twitter know?
The same agreement states that the agreement will expire within six months from the date of initial delivery, that is, on October 24th. Since then, Musk has sold about $ 9 billion worth of Tesla assets and has received significant support from friends and other investors. Everything was the same along the way, and so far this letter from Musk, an opinion that, so far, has raised doubts.
The deal sets a $ 1 billion release date. If Musk doesn’t make more money, and turns his back without confirmation, he’ll have to pay that money to Twitter. If the site owners leave the business or start trading with other investors, they will have to pay the same amount of money to Musk. In this context, it is seen that a tweet to finish the office. But only one tweet to see the spinning of the stocks.
The news was changed at 1:05 pm: The first unrecorded news has been replaced by this author.