twitter stock – pressnews

[ad_1] David Einhorn said Elon Musk will go through with Twitter deal. David Einhorn, the founder of Greenlight Capital who was among hedge fund managers wagering on Twitter Inc., said he believes that Elon Musk will go through with his deal to buy the social media company this year. “It's pretty much the only sizable long investment we've made the entire year because we've been very cautious with the bear market,” he said Tuesday in a Bloomberg Television interview on Tuesday. “Investing in something like Twitter, which I think will resolve this year, is good because I should get the cash out to redeploy into the next thing.” Einhorn said earlier this year that the laws tied to mergers and acquisitions are clear, and that the Delaware Chancery Court would uphold a deal. Though M...

[ad_1] Elon Musk was sued by a Twitter investor who says the world’s richest person’s on-again off-again purchase of the platform were designed to manipulate its stock price. Elon Musk was sued by a Twitter Inc. investor who says the world's richest person's on-again off-again purchase of the social-media platform and his public attacks on the company were designed to manipulate its stock price. Giuseppe Pampena says that when Musk agreed last week to go ahead with his purchase of Twitter, at the originally agreed upon price, he “essentially acknowledged that he had been bluffing all along” about backing out of the deal. The flip-flops and Musk's accusations about Twitter sunk its stock price, hurting investors while all the while improving Musk's bargaining position, according t...

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Elon Musk Sued by Twitter Investor Over ‘Fraudulent’ Buyout Flip-Flop