Thursday, April 14, 2022

Twitter stock

Often times when big business is discussed the idea that the company is responsible to its stock holders is presented as a prime issue. What happens when what is good for the stockholders is not good for the board of directors. Yesterday Elon Musk made an offer of $54 per share to buy Twitter. The stock is currently selling for $47 per share meaning the shareholders could make 15% overnight. The board is evaluating this offer. The offer was made and the stock rose $2 and will likely rise further. If the board refused the offer the stock will drop back to $45 or maybe further. Musk has 80 million followers on Twitter and they seem to think it is a good idea. Will that influence the board?

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