In the Twitter-Akt (WKN: A1W6XZ) there was once again exciting news at the end of last week, of course about Elon Musk. It’s no secret that the dispute will play out in court this fall. However, there are details at this point.
Let’s take a look at what has come to light in this regard. It could be a short process. Or a slightly confused one. That should not least depend on Elon Musk.
Twitter share: Elon Musk with counter-offensive, trial days in view
As stated at the end of last week, there are a few details related to Twitter stock. For example, the local court in Delaware has scheduled five days of trial. Whether that is sufficient is, of course, another question. But before that, the management of the short message service already seemed optimistic that four days of negotiations would be enough for a victory. As a reminder, the question is still whether Elon Musk has to buy the company. Or get away.
In addition, Elon Musk has probably filed a counterclaim against Twitter. The substance of the lawsuit is not known, the documents are classified as confidential. However, this could make the process more confusing. Depending on what needs to be negotiated, there are a lot of points to work through. The uncertainty regarding the outcome could also be more uncertain due to this news.
Ultimately, the core question should also be how good the sales documents were. The team led by Elon Musk consistently points out that Twitter would have torpedoed the sales process with false information about fake and spam accounts and the failure to deliver the documents. Understandably, the other side says the opposite.
One win case, many loser cases
There is a lot at stake for Twitter stock, but of course also for Elon Musk. And for us as investors. As an investor, hoping for a purchase is certainly not wrong. Ultimately, the otherwise possible scenario would be that there is a company that is repeatedly the focus of the legal mudslinging. And where the details are about the authenticity of the numbers on fake accounts. Can that increase the intrinsic value? Would be a surprise for me.
Business-oriented, I hardly see any good scenarios for Twitter itself. In the end, Elon Musk doesn’t want the company, the management of the short message service is fully committed to the sale. Signs to me that there are a lot of question marks. But the chance that the star entrepreneur can no longer get out of the deal.
The item Twitter Stock: 5 Days in October & the Counterclaim appeared first on The Motley Fool Deutschland.
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Vincent does not own any of the stocks mentioned. The Motley Fool owns shares of and recommends Twitter.
Motley Fool Deutschland 2022
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