Elon is offering $54.20-a-share (yes) for Twitter,

valuing the company at $43 billion. He's called this a "best-and- final offer" but everyone knows that Musk can afford to pay more.

In a filing, Musk said his offer was 54% higher than Twitter's share price at the end of January, just before he started building his existing 9.2% stake in the firm. It's a particularly convenient

date to pick: the stock was trading near its lowest level since mid-2020. The average share price over the prior 200 days was actually closer to $57, which would make today's offer something of a discount.

Opportunity is the key word here. The stock has been tumbling since a disappointing October. Parag Agrawal hasn't been around long as CEO.

In other words, Musk is striking at a moment where the stock is low and the new leadership hasn't had a meaningful opportunity to change that.

Date: 14th April, 2022