Market Report: Elon Musk Buys Twitter, Now What?
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 29 April 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
In this Market Report we talk about Elon Musk‘s recent buyout of Twitter. We discussed how it could impact the world of media. #twitter #elonmusk #socialmedia
Link to episode: https://youtu.be/KwgMpvMvbkE
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Transcript
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| 0:00.0 | Elon Musk reported about this last week when he when he made the offer public and there was |
| 0:09.4 | news training topic. I think Twitter they said that there wasn't interested. A lot of people |
| 0:13.6 | said like he wasn't serious. They said that he was just doing this just for controversy or he |
| 0:18.7 | was doing this just to start a bidding war. And lo and behold, Dale's done. Oh, it's done. |
| 0:24.7 | Dale is done. $54. $54.20 a share. Dale done. From my understanding, correct me if I'm wrong. |
| 0:35.0 | He will be the stock will be taken off of the stock market. It will now be a private company. |
| 0:39.6 | Right. Owned 100% by Elon Musk. Yep. All the shareholders they stopped trading today. |
| 0:46.4 | All they suspended it and then they activated again. They activate at the end of the day. |
| 0:50.3 | Yeah. Well, the shareholders will be will be brought out at the $54.20 share price. Yep. |
| 0:59.4 | All right. Who wants to start? Who wants to start? It's a lot. I mean, it's interesting because |
| 1:05.2 | again, last week when when the news came out that he had put the offer in, it was, you know, |
| 1:10.2 | the board was the issue at the time. And so when I read the report today to hear that the board |
| 1:15.2 | unanimously voted to have him take soulful ownership, it just goes and shows you sometimes like |
| 1:21.2 | when we read the news, we're way behind. This thing has already happened, right? We're just |
| 1:26.1 | getting the final details. And so think about this. The first time we heard about him actually being |
| 1:32.4 | interested in owning Twitter was April, April 2nd. And so at the time, Twitter was trading at $39.31. |
| 1:42.0 | Since that point, the stock has increased by 38% just on the news that he might be involved. |
| 1:48.1 | And so the people who had like, let's say they were looking at Twitter as an investment at $29. |
| 1:52.5 | At $39. Now automatically when if they bought shares there and they're getting bought out at $54. |
| 1:58.5 | So you're making about $15 a share. You got a lot of shares. That's a great buy. So it's |
| 2:04.8 | interesting, man. Like we saw him make news about what he wanted to do with Twitter. We heard him |
| 2:09.7 | talking about it. We know what he's able to do when he manipulates Washington users word manipulates |
... |
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