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Elon Musk Is Overpaying for Twitter—by a Huge Amount. Here’s the Math.

Por: MarketWatch Business October 07, 2022

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Now it looks like Twitter shareholders are getting the favorable deal, with Musk overpaying by a large sum. Since Musk disclosed his Twitter stake—the start of his takeover journey—the S&P 500 has fallen nearly 17%. It’s even worse for tech stocks: the Nasdaq Composite is down 22% over that time. Social media firms have struggled especially. Shares of (META), which owns Instagram and Facebook, are down 38% since April 1, while shares of... + full article



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