WHALE.TIPS CONTENT

Thursday, February 10, 2022 14:51:46 UTC

TWITTER INC: We entered a call option, $37.00 strike price, at 9:30 AM with a limit buy. We exited 15 minutes later by limit sale for a 27% profit!

Based on earnings and shares buyback.

Taking partial profits.(More)

@twitter @meta @twitter @meta

#twtr #twitterinc

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Initially opposed to Tesla CEO Elon Musk taking over Twitter, the company is warming up to the idea after the billionaire secured the required $43 billion in funding.

Musk, who owns approximately 9% of Twitter stock, has indicated he is mulling a tender offer, in which other shareholders promise their stock to him at a certain price and date. If enough shareholders agree, Musk may be able to use that to pressure the board to remove its "poison pill" argument.

But Musk hasn't decided.

The poison pill can drastically increase takeover costs. A 15% ownership in Twitter would result in a large dividend to stockholders, perhaps bankrupting Twitter.(More)

TWITTER RECONSIDERS MUSK BID

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Initially opposed to Tesla CEO Elon Musk taking over Twitter, the company is warming up to the idea after the billionaire secured the required $43 billion in funding.

Musk, who owns approximately 9% of Twitter stock, has indicated he is mulling a tender offer, in which other shareholders promise their stock to him at a certain price and date. If enough shareholders agree, Musk may be able to use that to pressure the board to remove its "poison pill" argument.

But Musk hasn't decided.

The poison pill can drastically increase takeover costs. A 15% ownership in Twitter would result in a large dividend to stockholders, perhaps bankrupting Twitter.

#twtr #googl #fb #snap #msft #twitterinc #twitter #earnings #tsla #tesla