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Why Wall Street Thinks Elon Musk Is Getting Out of the Twitter Deal

Posted on AllSides June 3rd, 2022
From The Left
Jim Watson/Getty Images

There is something dissonant about Twitter’s stock price.

When the market closed on Wednesday, the social media company was trading at $39.30 per share. It has been right there, somewhere between $35 and $41, since May 13. Many, many factors inform a stock price, but in Twitter’s case, one factor should theoretically win out and result in a much higher price. As you may have heard, Elon Musk agreed in late April to buy the company for $54.20 per share. In theory, once that deal closes, any Twitter shareholder who...

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