DWAC - Is Now A Good Time To Buy Twitter Stock? Yes Even If Elon Musk's Acquisition Fails
- The $54.20 offering price is very close to the average of $53.91 Twitter had traded over the past year until 1 April 2022, the day before Musk's Twitter stake disclosure.
- There has been plenty of “will he, will he not” drama twists since Musk formally made the buyout offer but his official filings suggest he intends to complete the acquisition.
- Twitter stands to pocket $1 billion if Musk reneges on the deal, which it can invest further into R&D or conduct more bolt-on acquisitions to help boost business growth.
- Twitter’s historical financial performance and innovation record leave much to be desired, but it also means the company has low expectations to meet and could surprise on the upside.
- With the previously distracted leader, Jack Dorsey, out of the picture, and CTO-turned-CEO Parag Agrawal showing his decisive self in revamping the management team, we may see Twitter change for the better at a quicker pace.
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Is Now A Good Time To Buy Twitter Stock? Yes, Even If Elon Musk's Acquisition Fails