Elon Musk’s Latest Move Rocks Wall Street and Social Media 

Elon Musk has played many roles as CEO of Tesla, CEO of SpaceX, and founder of The Boring Company and Neuralink. He is also a prolific Twitter user. The news that Musk bought Twitter and made a $ 44 billion offer that could become the CEO of a social media company shocked Wall Street and social media. “$ 4.4 billion continues to plague companies that think they’re probably worth $ 30 billion or $ 35 billion,” 

Wedbush analyst Dan Ives said in an interview with CNBC. Told. “But if you are the wealthiest person in the world, you can do it. So when Twitter investors saw $ 44 billion, they drank champagne and drank their favorite liquor. ” 

This is not new and happens frequently. For some reason, Elon Musk has been blessed by the Force, and all the moves he makes have attracted the public’s attention. It may be because of his style that can touch the younger generation, which is based on many social media users, or for other reasons. 

Transactions can still fail. As stock market volatility continues, tech companies will lose millions of dollars in market capitalization, so Musk said he would shelve transactions until it became clear how many fake accounts existed on Twitter. 

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Analysts believe Musk can use this argument to lower the proposed acquisition price of $ 54 per share after a lot of value has been lost from tech stocks in the last few weeks.  And on Friday, Musk finds himself caught up in a scandal. 

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He used Twitter to respond to Business Insider’s report that  SpaceX paid a $ 250,000 settlement to flight attendants in sexual misconduct against him.  Twitter declined to comment on the allegations, reflecting comments from the beginning of the week that the company’s board continues to commit to its original agreement with Musk. 

Aside from the downsides of Elon, we must recognize that his strategy and business behavior can make his company run well, and whatever he says will be viral and successful. In that case, we should be able to praise his achievements.

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