Wednesday, Oct 5th, 2022 Yesterday, Elon Musk sent the folks at Twitter (TWTR) a letter that his “on again” “off again” deal to buy TWTR for $54.50 per share was back on again, days before the trial to force him to complete the deal was scheduled to begin. Was this sudden change due to his…… Continue reading Musk & TWTR
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SNAP Stock Leads Market Down
Shares of SNAP ($22) fell sharply Tuesday after slashing forward looking earnings outlook, citing deteriorating microeconomic climate. Selling spilled over to related stocks, like FB, ROKY and TTD which also depend on online advertising revenue. These concerns could also hurt TWTR ($36) the object of Elon Musk’s leveraged takeover bid at $54.20/share. With the stock…… Continue reading SNAP Stock Leads Market Down