On October 5th, Tesla CEO Elon Musk responded on social media Twitter regarding the agreement to promote the deal again, saying, 'Acquiring Twitter is a catalyst for accelerating the creation of the all-powerful app X.'
According to a document submitted to the Securities and Exchange Commission (SEC), Musk proposed this proposal in a letter to Twitter on Monday, which also confirmed earlier media reports.
In response to this news, Twitter's stock price rose more than 22% to $52 at the close of the US stock market.
So, faced with the repeated scams of this scumbag Yi Long, should we believe him? I am probably not inclined to believe, but Yi Long is prepared and ensures that if he has to take responsibility, he won't suffer.
First of all, Yi Long's intention in doing this is to avoid various negative impacts from the court's judgment. The trial was scheduled to begin on October 17. A judge in Delaware on Tuesday requested suggestions from both sides on how the case should proceed. As this day approaches, according to the law, it is likely to be suggested that Yi Long continue with the acquisition. Once these suggestions are made, Yi Long will be in a passive position. Yi Long has always been a person who believes in taking matters into his own hands and will not wait for this day to come. So he turned from passive to active.
Now, there is still a long way to go before the acquisition is completed. Whether it can be achieved depends on whether he can obtain the necessary debt financing and whether the court can 'immediately suspend the lawsuit'. It is a difficult period for banks to sell bonds now, with US bond yields at multi...