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MSNBC MSNBC Reports June 4, 2024 15:47:00 - Vimarsana News

MSNBC MSNBC Reports June 4, 2024 15:47:00

Man and whether he's going to be forced to buy this thing. >> let's talk about the impact of the stocks. showers closed at $41.58, down for the year. how does that impact twitter's case? >> well, twitter certainly will be arguing that musk has hurt their share price, hurt their value. he agreed to buy this thing for $54.20 a share. as you mentioned, it closed at $41.58. twitter is not a stock that is rallying. it's down again today as a few minutes ago, about $41 a share. this is going to be part of twitter's case here they're going to say he has hurt us by dragging his feet. as many legal ana...

CNN New Day With John Berman and Brianna Keilar June 4, 2024 10:47:00 - Vimarsana News

CNN New Day With John Berman and Brianna Keilar June 4, 2024 10:47:00

Not only does he have a huge following as christine pointed out, he also has the means. he also has the wealth. so he makes these jokes sometimes he riffs as christine pointed out, but the reason why it creates so much chaos and confusion is because he could actually do it. >> and this is in 2018 in august this got a lot of attention he tweeted i'm considering taking tesla private at $420 a share funding secured. he didn't have the funding secured and the s.e.c. sanctioned him and sued him saying he misled investors. the stock moved on it. 4.20 was some inside pot joke but people take him seri...

CNN New Day With John Berman and Brianna Keilar June 4, 2024 10:32:00 - Vimarsana News

CNN New Day With John Berman and Brianna Keilar June 4, 2024 10:32:00

Uncertainty. musk says he's trying to back out of the seal citing the lack of information coming from twitter about the number of fake account and spam bots. his attorneys would like to see it thrown all altogether but they argue they need more time. they'd like to see the trial happening later in the winter. the decision will ultimately rest with a judge in a small court in delaware that is dedicated to these major business disputes. it won't likely come today but it should be soon as twitter is argument that sometime of the essence. either way, the stakes very high. a win for musk could look...

CNN Smerconish June 4, 2024 13:26:00 - Vimarsana News

CNN Smerconish June 4, 2024 13:26:00

Situation where he holds the company in continued limbo, hoping they will acquiesce and say we gif ve up and let him ou for a minor break up fee. here's the thing, the shares are up. the market recognizes each shareholder not only represents ownership in twitter, it represents ownership in a claim that is legally airtight against the wealthiest man in the world who like is going to be obligated to pay $54.20 a share here. twitter is a bridge too far for elon musk. he is on the hook not for 1 billion here, but i believe 45 billion. >> wow, so how does it end, scott? >> i think we're off to dela...

KGO ABC World News Tonight With David Muir June 4, 2024 00:40:00 - Vimarsana News

KGO ABC World News Tonight With David Muir June 4, 2024 00:40:00

>> i think elon musk would love to be able to pay a billion dollars and walk away from this deal, but he's not allowed to do that because he agreed to purchase the company in the merger agreement. >> reporter: musk claims that twitter did not provide enough iformation about the number of fake accounts on the social media platform. twitter denies this. the head of twitter's board tweeting friday night it plans to sue. one legal expert says the falling stock market is a factor in the timing of elon musk trying to back out now. twitter's stock closed at $36.81 on friday, well below elon musk's of...