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Twitter Sues Elon Musk: What It Means For Twitter Stock
By Syfe  •  July 15, 2022
Elon Musk no longer wants to buy Twitter. Not surprisingly, Twitter is now suing Musk to hold him to their US$44 billion buyout agreement. Investors welcomed the move – Twitter’s stock has been rising since the lawsuit was filed. In the court filing, Twitter accused Musk of trying to “trash the company, disrupt its operations, destroy stockholder value, and walk away.” The stage is set for a peculiar courtroom battle. Back in April, Twitter tried to block Elon Musk’s takeover but relented when Musk offered to buy Twitter for US$54.20 a share, a nearly 40% premium to Twitter’s share price the day before Musk disclosed his stake. Now, Musk doesn’t want to buy, but Twitter is forcing him to buy them anyway. Here’s a look at four possible outcomes that could affect Twitter stock going forward. Twitter wins, Musk is forced to buy the company...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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