It has been the most famous news of the week, there is no doubt about that. That the richest person in the world according to Forbes, Elon Musk with his 219 billion dollars, has bought one of the most important social networks, Twitterit is not mucus of turkey.
The South African tycoon has acquired the bluebird’s microblogging service for $44 billion (all transaction information). It has been the second and great movement, because a few weeks ago he bought 9.2% of the company, and then posted his maximum bid for the rest: 43,000 million dollars, the “best and last offer” -although later he had to pay a little more…-.
As well, this movement has had its consequences, and not precisely on Twitter, but on Tesla, a company run by Elon Musk himself. Shares of the Palo Alto company have suffered a significant drop. Although it is true that this decrease began on April 4, the date on which Musk announced the purchase of part of the social network -that 9.2% that I mentioned to you-, it was as a result of the great announcement that they suffered a considerable loss.
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If at the beginning of April the stock was at 1,145 dollars, now it stands at 876 – it would have lost 126,000 million dollars in its stock market valuation in just one day.
The most viable reason for this drop is investors’ fear of what Elon might do with his shares. Likewise, it is known that the billionaire would have requested a credit of 12,500 million dollars and that he would have put Tesla shares as collateral.
According to a series of documents from the United States Securities and Exchange Commission (SEC)Musk would have sold company shares worth more than 4,415 million dollars. “No further sales of Tesla shares are anticipated after today”, Elon has tweeted for shareholders to rest easy. Will it be true?
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/data/photo/2022/04/30/626c9984d761a.jpeg "Thanks to Diapers, this married couple is not stuck in a long traffic jam")