However, it looks like there is resistance and Vanguard, the Prince and their friends seem willing to lose money to hold Twitter, because their other clandestine assets that operate through Twitter
Now I see what your point was. I guess I'm dense. Thank you for elaborating on it though.
A corp that doesn't make money, doesn't have a plan to make money, but has a huge following and a huge market cap is operating outside the usual (well traditional anyways) parameters of collective investment. I understand pouring it all into growth, like Amazon did for a long time, and postponing your profits. But the endgame for Twitter investors doesn't seem like an eventual 30 or whatever years of stable profits. They're looking to get bought out or playing some other game entirely.
It's not that your dense, it's that this hasn't happened out in the open before, so we don't have precedent to guess the outcome.
If it was a sure thing, the price would have already risen to Elon's $52.00 price tag and hovered. The fact that didn't happen says it all. The opposite happened. Vanguard likely propped up the price along with friends so we don't even know how bad the bleeding really was.
So today Twitter essentially granted a bunch of free options with an odd strike price. That's a reason for the stock to go down. If those become valid, shareholders will be diluted. I don't understand why it's legal to fuck over the shareholders who have nothing to do with this takeover attempt like that, but there you go.
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