Fixing Twitter with monetization and subscriber engagement, “a Rubik’s Cube problem,” will be a big challenge, Wedbush analyst Daniel Ives said after Elon Musk proposed to move forward with the acquisition on its original terms at $54.20 per share.
With Tesla Inc. Chief Executive Elon Musk proposing to move forward with his $44 billion offering for Twitter Inc. after months of legal feuding with the social-media platform after he attempted to back out of the deal, Wall Street analysts say the real mess lies ahead.
“We continue to believe Musk saw the writing on the wall and knew his chances of a victory in Delaware were slim to none with the best path accepting the current deal and move forward,” Wedbush analyst Daniel Ives said in a note on Tuesday. Whatever Twitter becomes, there are questions about whether a format overhaul —one that users could have to pay more for — will work, and concerns about whether Musk’s handling of the company will facilitate the spread of misinformation and online harassment. Steep costs cuts are likely regardless, analysts say.
Stifel analyst Mark Kelley also noted that since Musk’s deal to buy Twitter was announced, the company had seen “a steady drumbeat of departures across the ranks” with a “product that has been in limbo.” MKM Partners analyst Rohit Kulkarni noted that Twitter Blue, a monthly $2.99 subscription service offered by the company, offers quicker navigation and allows users to retract tweets before others can see them, among other features. But he also wrote in a Wednesday note that a bigger move toward subscriptions “could lead to ad dollars driving toward other smaller players like Pinterest PINS, -1.37% and Snap SNAP, +2.68%.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Elon Musk re-ups offer to buy Twitter for $44 billion: reportsBut it's far from a done deal.
Consulte Mais informação »
Elon Musk tells Twitter he’ll abandon fight, go through with $44 billion dealThe mercurial Tesla CEO made the offer in a letter disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission.
Consulte Mais informação »
Elon Musk reviving offer to buy Twitter for $44 billion, reports say - KCBS Radio: On-DemandLISTEN: Reports are coming in that Tesla CEO Elon Musk is going forward with a $44 billion dollar proposal to purchase Twitter and plans to drop his court case against the company. brookskcbsradio has more on the story.
Consulte Mais informação »
Report: Elon Musk Offers to Buy Twitter at Original Offer PriceSpaceX and Tesla CEO Elon Musk is reportedly offering to buy Twitter at his original offered price of $54.20 per share.
Consulte Mais informação »
Elon Musk proposes to buy Twitter at original offer: reportTwitter shares climbed on Tuesday after billionaire Tesla CEO Elon Musk offered to buy the social media giant at his original $54.20 per share offer.
Consulte Mais informação »
Elon Musk blinks, revives original offer for Twitter at $54.20 a share | AutoblogElon Musk revived his bid for Twitter Inc. at the original offer of $54.20 a share, potentially avoiding a court fight over the contentious acquisition.
Consulte Mais informação »