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Musk's Money for Twitter

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All right. Well, some of the top stories we're following this morning, starting with an update on the Elon musk twitter saga, Elon musk is increasing his personal financial commitment towards his acquisition of twitter to $33.5 billion. The news comes on the same day as twitter's annual investor meeting, which saw executives shut down any questions regarding the deal musk updated offer, which would provide an additional 6.5 billion in equity financing is according to a new sec filing. Now, this sense, shares of twitter up over 5% after the bail and comes after a positive day of trading for the social media giant that must recently put the deal on hold as he investigates the amount of fake and spam accounts on the platform, which, and true, if that is true, would create a discrepancy in the platforms, number of users and right now they're alleging that it could be up to about 5% of fake accounts, which technically isn't that many. It's really hard to, you know, really manage how many people are making these body counts of fake accounts to try to drive numbers up. But you know, it's interesting to see that he is trying to uh, put, uh, I guess a stronger foot forward at this deal because a lot of people were like wondering, is he gonna go through with this, if it's gonna happen and I guess this is his push, There's still a lot of that on the table, even with this movement being honest, I mean, I think at one point, you know, I must throughout their, someone threw out there, they're like who knows, it could be 90% of the accounts are fake on there just given um, you know, some of the way that the numbers were run in terms of identifying, you know, those fake spam accounts. But the reality is this has been a choppy deal from the start. It's been one that that seemed like it was on thin ice from the beginning and even with this move while the market is taking this move as a positive indicator that Elon musk is truly here to close this deal. And that's why you're seeing it up almost 6% in the, in the pre market right now. The reality is that some of this restructuring to others in the market really seems like it makes it even more probable that this doesn't go through or increase the odds that something happens here because a lot of the funding is reliant on Elon musk coming up with that cash, so to speak. And we know that in terms of his overall, you know, value and what he is worth. He certainly has that money but liquidating some of his assets to get that and and put it in place, it's a whole nother thing. I think there still is this lingering idea that he's going to try and renegotiate this deal for better terms. And if that ends up happening here again, that's another layer, but this deal may not go through. So this is one of those things where it seems like on one side, there's better probability on the other side, there's reduced probability of this deal, right?

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All right. Well, some of the top stories we're following this morning, starting with an update on the Elon musk twitter saga, Elon musk is increasing his personal financial commitment towards his acquisition of twitter to $33.5 billion. The news comes on the same day as twitter's annual investor meeting, which saw executives shut down any questions regarding the deal musk updated offer, which would provide an additional 6.5 billion in equity financing is according to a new sec filing. Now, this sense, shares of twitter up over 5% after the bail and comes after a positive day of trading for the social media giant that must recently put the deal on hold as he investigates the amount of fake and spam accounts on the platform, which, and true, if that is true, would create a discrepancy in the platforms, number of users and right now they're alleging that it could be up to about 5% of fake accounts, which technically isn't that many. It's really hard to, you know, really manage how many people are making these body counts of fake accounts to try to drive numbers up. But you know, it's interesting to see that he is trying to uh, put, uh, I guess a stronger foot forward at this deal because a lot of people were like wondering, is he gonna go through with this, if it's gonna happen and I guess this is his push, There's still a lot of that on the table, even with this movement being honest, I mean, I think at one point, you know, I must throughout their, someone threw out there, they're like who knows, it could be 90% of the accounts are fake on there just given um, you know, some of the way that the numbers were run in terms of identifying, you know, those fake spam accounts. But the reality is this has been a choppy deal from the start. It's been one that that seemed like it was on thin ice from the beginning and even with this move while the market is taking this move as a positive indicator that Elon musk is truly here to close this deal. And that's why you're seeing it up almost 6% in the, in the pre market right now. The reality is that some of this restructuring to others in the market really seems like it makes it even more probable that this doesn't go through or increase the odds that something happens here because a lot of the funding is reliant on Elon musk coming up with that cash, so to speak. And we know that in terms of his overall, you know, value and what he is worth. He certainly has that money but liquidating some of his assets to get that and and put it in place, it's a whole nother thing. I think there still is this lingering idea that he's going to try and renegotiate this deal for better terms. And if that ends up happening here again, that's another layer, but this deal may not go through. So this is one of those things where it seems like on one side, there's better probability on the other side, there's reduced probability of this deal, right?

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