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13.06.2022 10:23

SKAM due to SPAMa: Musk is teasing the market again



เรียนลูกค้าและพันธมิตรที่เคารพ!

SKAM due to SPAMa: Musk is teasing the market again Elon Musk's claims to the leadership of Twitter caused a 5% gap at the opening of the week, but the fall has already been compensated, but further prospects look vague. What is the essence of the problem and what to do with scandalous actions?Recall that in April, after overcoming a serious internal conflict, the Twitter board approved Musks proposal to take over the social network for about $44 billion. The billionaire himself explained this deal intending to create a unique arena for freedom of speech, and Elon considers victory over spam bots to be his first goal.On May 13, the head of Tesla announced the suspension of the deal after the media reported that the platform's audience figures were inflated. According to Musk, there are good reasons to suspect social network algorithms of manipulating statistics, and the number of fake accounts can reach 20%.Musk's lawyers have already sent a letter to Twitter representatives about the violation of the rights of their client, as the company refuses to provide data on the number of registered fake accounts, as well as information on its methods of testing the platform. An official letter threatening to refuse the purchase was published on the SEC website.Under the terms of the contract, either party will have to pay a $1 billion fine to exit the deal. In addition, the shareholders have already filed a lawsuit against Musk and the management of Twitter because of the chaotic process of the company's takeover.Twitter is confident that Musk was in too much of a hurry to conclude a deal, waived his right to a preliminary examination of the state of affairs of the company (due diligence), and now deliberately develops a conflict to reduce the price or abandon the deal without loss.Buying NYSE: TWTR is not yet recommended, but those who are willing to take risks can consider targets in the $46.5-48.00 zone. But the range for a possible fall is wider  the first targets can be set in the $35 zone, and the next ones in the $32.50 zone (minimum of the year). We are closely monitoring the situation and do not risk in vain.Profits to y'all!

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