On October 5th, Tesla CEO Elon Musk responded on social media platform Twitter about his agreement to promote the trade, saying, "Acquiring Twitter is a catalyst to accelerate the development of the universal application X."
According to a document submitted to the U.S. Securities and Exchange Commission (SEC), Musk proposed this idea in a letter to Twitter on Monday, which also confirmed earlier reports by the media.
As a result of this exciting news, Twitter's stock price rose over 22% to $52 at the close of the U.S. trading session.
So, facing this scumbag Yilong's repeated fraud, should we believe this scumbag? I am most likely not to believe him, but Yilong has also prepared a backup plan to ensure that if he has to take responsibility, he won't suffer any loss.
First of all, Yilong's original intention of doing this is to avoid the negative impact that the court's ruling may bring to him. The trial was scheduled to begin on October 17th. On Tuesday, the judge in Delaware asked both parties for suggestions on how the case should proceed. As the day approaches, according to the law, it is most likely that Yilong will be advised to continue with the acquisition. Once these are finalized, it will put Yilong in a passive position. Yilong has always been a person who believes in 'my fate is in my own hands, not in the hands of heaven', so he naturally won't wait for that day to come, instead he will take the initiative.
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...