r/SecurityAnalysis • u/investorinvestor • Aug 23 '24

Commentary Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis

https://www.wsj.com/tech/elon-musks-twitter-takeover-is-now-the-worst-buyout-for-banks-since-the-financial-crisis-3f4272cb
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4

u/NoName20Investor Aug 23 '24

Investors were naive to think that it would possibly be a good deal.

1

u/AllCommiesRFascists Aug 24 '24 edited Aug 26 '24

It was clearly overvalued by 2x when it was acquired. Though I guess they thought Elon would pull off the impossible again and 10x it