Tesla CEO Elon Musk offered to buy Twitter on Thursday, but the stock traded lower, a sign of what investors think of the bid.
Tesla was never taken private and instead turned into one of the great stock bets of the next three years. On a split-adjusted basis, the shares are up over 1,300% since the tweet.as the world's richest person. And while running his two main companies and operating some others on the side, he's found plenty of time to be a regular rabble-rouser on Twitter, where he now has 81.7 million followers.
And recently, it's been his favorite place to criticize Twitter itself, for what he sees as ignoring free speech principles and certain technological limitations."While we agree with Mr. Musk's assessment that Twitter is an under-monetized platform, we expect the Board and key shareholders to resist the offer due to philosophical differences," wrote analysts at Mizuho Securities who have the equivalent of a hold rating on the stock.
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