Sure, Elon, Sure - Those Damn Bots

 

"Elon Musk is using a 'dog ate the homework' excuse to potentially back out of buying Twitter and there is now a less than 50% chance the deal gets done, Wedbush [analyst Dan Ives] says" Insider, May 16, 2022

Ives puts the odds of the Twitter deal going through at about 50%. He notes, as had The Wall Street Journal, that the bot issue is nothing new in the social-network industry. In addition, previous Twitter head guy Jack Dorsey had fixed much of the bot situation.

Out there the growing take is that Musk is getting financing jitters. Also, his current calculations for profits may not be what he initially had calculated. 

So, if he finds a way to pull the plug, where will Twitter be?

Ives points out that it will receive a $1 billion breakup fee.  (Unless Musk can have his lawyers figure a way out of that.)

He also posits that the Twitter stock could plunge to the 30s. Musk had put his purchase price at $54.24 a share. 

Right now (1:15 PM ET) the stock price is at $38.23, down today 6.03%. The 52-week high had been $73.34.

And, we can all speculate (gleefully) what might happen to the Musk brand.

Obviously, it will be tarnished. Probably badly. Like, the guy didn't do his homework and then he makes up a lame excuse for possibly exiting and expects us to believe it. We're annoyed. 

His style of leadership and management will no longer be the role model for how to operate a successful enterprise. Actually, boring is back. Fear is in the air globally. Fear makes us head to a safe harbor. Musk doesn't make us feel safe.

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com.

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