What analysts are saying about Elon Musk’s decision to put his $44-billion Twitter deal on hold

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Analysts and strategists react to Friday’s news that Elon Musk put his $44-billion deal for Twitter temporarily on hold while he waits for data on the proportion of the site’s fake accounts

, sending the social media company’s shares some 20 per cent lower in pre-market trading and on the Frankfurt stock exchange.Art Hogan, chief market strategist at National Securities, New York

“Saying it’s temporarily on hold is not standard operating procedure when you’ve made a tender offer for a company. It’s confusing and also nonsensical. It just doesn’t hold up.” “I think Hindenburg hit nail on head. Can renegotiate lower price or walks away having offloaded lots of Tesla.”“There were lot of investors thinking that the fact that Musk could come in and was offering a decent amount per share was providing something of a safety net at a time when tech shares are falling. The fact that there isn’t anyone else to step in does suggest that if this deal doesn’t happen, Twitter is going to have to lick its wounds and that’s going to take some time.

“The $44-billion price tag is huge, and it may be a strategy to row back on the amount he is prepared to pay to acquire the platform.”“This adds a bit of uncertainty to the tech sector, but I think this is very company specific, I don’t see for instance any impact on European stocks.

 

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Mr Elon just made profit my buying and selling Both companies share when bottomed

Just hype

He's already taken a huge hit on Tesla... he's going to attempt to make that up by driving down the price of the Twitter shares he intends to buy. He'll be making another offer soon.. a much lower one, which is what he intended all along.

Boys and their toys

“The analysts are saying it was a publicity stunt”

Billionaire farts these days for everyone stops to sniff his thoughts.

He doesn’t want to risk his already under pressure Tesla stock any further

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