Twitter has the potential to be much higher than its current value. It’s currently at a zero-earnings pricing. I don’t know whether Agrawal will turn it around, but if Elon or somebody like him stepped in, maybe they could clean house and do it. If Twitter employees are freaking out right now, it’s because they have so many people doing stuff that isn’t bringing in money.
I think the board is right to reject the offer. Twitter could be worth more. Twitter in Elon’s control would be a more valuable company.
If I were a shareholder, I’d want them to reject 52.40. Maybe not 92.40. The ideal outcome would be if Elon gets 51% control and I got to remain a shareholder.
Well, Twitter is 16 years old with $5 billions in revenue. Their maximum was ~$70 per share and that was 1 or 2 times. I don't think 92.40 is even reasonable since you have incumbents ranging from IG to tiktok.
Heck, Tiktok could add a timeline just like twitter and decimate them since Gen Z and millenials (26 and younger) are basically there. Facebook is old school and will start slowing down going forward. IG is for business since the appeal (sharing photos with friends) has been lost. Snap has its niche and Gab, Gettir, etc... are catering to the right.
People like controversy and that's the main reason twitter is relevant. Left and Right like to expose each other. That's the main reason alt-tech is not mainstream.
I think the board is right to reject the offer. Twitter could be worth more. Twitter in Elon’s control would be a more valuable company.
If I were a shareholder, I’d want them to reject 52.40. Maybe not 92.40. The ideal outcome would be if Elon gets 51% control and I got to remain a shareholder.