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Sell Twitter Stock on Musk Circus, Says Top Analyst
Early in April, Elon Musk revealed he had bought a 9.2% stake in Twitter (TWTR), making him the micro-blogging platform’s largest shareholder. Following which, he was offered a place on the board that he initially accepted. That, however, would cap his ownership at 14.9%. Assessing his strategy, Musk then decided not to join the board, thereby removing the limitation. Musk’s next step was to offer to completely buy out the company at a price of $54.20 per share (giving Twitter a valuation of $43
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