Twitter: No Code Red Here
- Twitter falls 7% after Elon Musk announces plans to terminate the acquisition of the social media company for $54.20.
- The company appears to have a rock-solid contract to force Mr. Musk to complete the deal or settle for a sum in excess of the $1 billion breakup fee.
- Based on a per mDAU value, Twitter has already lost 60% of their value since the covid peak last year.
- The stock has immediate 60% upside on the unlikely close of the deal, or a larger user base to support higher stock prices when the economy improves.
-That price was $54.20, and Twitter stock jumped to $45.40 per share before the halt.