{"id":473704,"date":"2022-07-13T23:58:00","date_gmt":"2022-07-13T20:58:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/twitter-shares-up-after-hedge-fund-bets-against-musk\/"},"modified":"2022-07-13T23:58:00","modified_gmt":"2022-07-13T20:58:00","slug":"twitter-shares-up-after-hedge-fund-bets-against-musk","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/twitter-shares-up-after-hedge-fund-bets-against-musk\/","title":{"rendered":"#Twitter shares up after hedge fund bets against Musk"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a38507eefe33\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a38507eefe33\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/twitter-shares-up-after-hedge-fund-bets-against-musk\/#%E2%80%9CTwitter_shares_up_after_hedge_fund_bets_against_Musk%E2%80%9D\" >&#8220;Twitter shares up after hedge fund bets against Musk&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CTwitter_shares_up_after_hedge_fund_bets_against_Musk%E2%80%9D\"><\/span>&#8220;Twitter shares up after hedge fund bets against Musk&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2022\/twitter-shares-are-up.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/2022\/twitter-shares-are-up.jpg\" data-sub-html=\"Twitter shares are up after it filed a lawsuit against Elon Musk.\">\n<figure class=\"article-img\">\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2022\/twitter-shares-are-up.jpg\" alt=\"Twitter shares are up after it filed a lawsuit against Elon Musk\" title=\"Twitter shares are up after it filed a lawsuit against Elon Musk.\" width=\"800\" height=\"522\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> shares are up after it filed a lawsuit against Elon Musk.<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>Twitter shares jumped Wednesday after a hedge fund revealed it had taken a stake in the firm based on its &#8220;strong case&#8221; against Elon Musk for moving to back out of his $44 billion buyout bid.<\/p>\n<p>                                                                                Stocks in the social media platform, which sued Tuesday to force the mercurial billionaire to stick to the deal, were up around eight percent in trading.<\/p>\n<p>The hedge fund, Hindenburg Research, took a &#8220;significant&#8221; stake in Twitter, but one which is below the five percent line that requires reporting to US market watchdog Securities and Exchange Commission, the fund&#8217;s founder Nathan Anderson confirmed to AFP.<\/p>\n<p>Anderson said it was the first time that Hindenburg had publicly revealed the purchase of shares.<\/p>\n<p>&#8220;Twitter is suing to enforce the entire $44 billion merger price and they have a strong case,&#8221; Anderson said.<\/p>\n<p>The suit filed in the US state of Delaware urges the court to order the Tesla boss to complete his deal to buy Twitter, arguing that no financial penalty could repair the damage he has caused.<\/p>\n<p>After weeks of threats, Musk last week pulled the plug on the deal, accusing Twitter of &#8220;misleading&#8221; statements about the number of fake accounts, according to a letter from his lawyers included in a US securities filing.<\/p>\n<p>&#8220;Twitter&#8217;s bot issue is perhaps the worst pretext Musk could have chosen for terminating the deal given that it was clearly and publicly a reason he entered the agreement in the first place,&#8221; Anderson added.<\/p>\n<p>A few days after he made an offer in April to buy the company, Musk said that if the acquisition was finalized, he would &#8220;defeat the spam bots or die trying!&#8221;<\/p>\n<p>For Anderson, Twitter has &#8220;more leverage&#8221; given the potential threat to Musk&#8217;s empire in the event of an outright win in court.<\/p>\n<p>Wedbush Securities analyst Dan Ives said in a note that Wall Street is &#8220;interpreting the Twitter suit against Musk filed last night as &#8216;extremely compelling.'&#8221; <\/p>\n<p>&#8220;The stock is now factoring in some significant chance that Musk will ultimately have to pay Twitter a settlement well north of $1 billion,&#8221; said Ives, referring to the breakup fee in the original agreement between the entrepreneur and Twitter.\n                                                                                                                        <\/p>\n<hr\/>\n<div class=\"article-main__explore my-4 d-print-none\">\n<p>                                            Twitter lawsuit accuses Elon Musk of contract breach\n                                        <\/p><\/div>\n<hr class=\"mb-4\"\/>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2022 AFP<\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                 <strong>Citation<\/strong>:<br \/>\n                                                 Twitter shares up after hedge fund bets against Musk (2022, July 13)<br \/>\n                                                 retrieved 13 July 2022<br \/>\n                                                 from https:\/\/techxplore.com\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\/2022-07-twitter-hedge-fund-musk.html<\/p>\n<p>                                            This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no<br \/>\n                                            part may be reproduced without the written permission. The content is provided for information purposes only.<\/p><\/div>\n<\/p><\/div>\n<p><script id=\"facebook-jssdk\" async=\"\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/science\/\" target=\"_blank\" rel=\"noopener\">Science category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techxplore.com\/news\/2022-07-twitter-hedge-fund-musk.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Twitter shares up after hedge fund bets against Musk&#8221; Twitter shares are up after it filed a lawsuit against Elon Musk. Twitter shares jumped Wednesday after a hedge fund revealed it had taken a stake in the firm based on its &#8220;strong case&#8221; against Elon Musk for moving to back out of his $44 billion&#8230;<\/p>\n","protected":false},"author":1,"featured_media":473705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/2022\/twitter-shares-are-up.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-473704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/473704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=473704"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/473704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/473705"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=473704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=473704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=473704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}