Twitter Deal Is Falling Apart: What To Know

Jul. 08, 2022 7:24 PM ETTwitter, Inc. (TWTR)TSLA, SNAP, META170 Comments

Summary

  • Elon Musk has officially submitted his intent to back out of his deal to acquire Twitter.
  • Musk cited a lack of confidence in the true number of bots on the platform.
  • The deal has a $1 billion termination fee and there is no guarantee that Musk can simply walk away.
  • The stock is trading cheaply even if the deal eventually completely falls apart.
  • Looking for a portfolio of ideas like this one? Members of Best Of Breed get exclusive access to our model portfolio. Learn More »

TIME Person of the Year

Theo Wargo

Elon Musk (TSLA) might not be buying Twitter, Inc. (TWTR) after all. On Friday July 8th, Musk officially submitted notice that he is terminating the deal. The stock had already plunged sharply from the $50 level that it

Chart
Data by YCharts

recast mDAUs

2022 Q1 Shareholder Letter

consensus estimates

Seeking Alpha

Sift Through The Tech Rubble

Growth stocks have crashed. The time to buy is when there is blood on the streets, when no one else wants to buy.

My portfolio includes my highest conviction ideas.

Get access to Exclusive reports:

  • My top picks in the beaten down tech sector, including "The 2022 Tech Stock Crash List."
  • My investing strategy for the current market.
  • and much more

Subscribe to Best of Breed here!

This article was written by

Julian Lin profile picture
27.25K Followers
High conviction investment ideas in the winners of tomorrow.

Julian Lin is a top ranked financial analyst. Julian Lin runs Best Of Breed Growth Stocks, a research service uncovering high conviction ideas in the winners of tomorrow. 

Get access to his highest conviction ideas here


Disclosure: I/we have a beneficial long position in the shares of APP, SNAP, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am long all holdings of the Best of Breed portfolio.

Recommended For You

Comments (170)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.