Twitter stock was in the low thirties. Stock ran to 39. Made the announcement, stock went to forty nine. He's saying he's going to buy to 54, 50. So effectively paying a hundred to a hundred and 50 % premium. His bank account is off 20 or 30%. This deal's off. It makes absolutely no sense for elon mo. Can he just sit and wait and then reprice or not? That's the correct question. For a billion dollars, he has six months to kind of see what happens. If that becomes a real overhang that grows in ugliness over tessles stock, he'll need to say, you know what,
Tesla halts production in Shanghai, Grindr flirts with going public, and Democrats get an edge at the FTC. Also, Peter Thiel sets his sights on BlackRock, because apparently it's too woke? Kara and Scott discuss the meltdown in cryptocurrencies and take a listener question about TikTok's management.
Send us your Listener Mail questions by calling us at 855-51-PIVOT, or via Yappa, at nymag.com/pivot.
Learn more about your ad choices. Visit podcastchoices.com/adchoices