Elon Musk uses inverted smile emoji in 2017 tweet about Twitter price

Elon Musk used an upside-down smile emoji on Saturday in response to a tweet he sent over four years ago about how much it would cost to buy Twitter Inc.

Elon Musk used an upside-down smile emoji on Saturday in response to a tweet he sent over four years ago about how much it would cost to buy Twitter Inc.

The CEO of Tesla Inc., which earlier this week launched a $43 billion hostile bid for the social media company, was commenting on a December 2017 tweet in which he expressed his admiration for Twitter and asked how much it costs to buy. .

The “upside-down smile” emoji is used as an indication of frustration or confused resignation, according to emojipedia. Twitter on Friday adopted a clause called the “poison pill” in an attempt to thwart the Musk takeover bid.

Twitter brings JPMorgan as advisor alongside Goldman

(Bloomberg) Twitter Inc. hired a second investment bank, JPMorgan Chase & Co., to help it respond to Elon Musk’s hostile offer, according to people familiar with the matter.

The largest US bank recently began work to assist Twitter in negotiations with potential buyers, the people said, asking not to be identified because the matter is private.

Representatives for Twitter and JPMorgan declined to comment.

In addition to Musk’s offer, Twitter has garnered interest from other parties, including tech-focused private equity firm Thoma Bravo, according to one of the people familiar with it. The New York Post reported Thoma Bravo’s interest on Thursday.

A representative for Thoma Bravo declined to comment.

By bringing in JPMorgan, Twitter is working with a bank that isn’t afraid to argue with Musk. JPMorgan and Tesla Inc., Musk’s electric vehicle company, are involved in lawsuits.

They are suing each other over stock transactions, some linked to Musk’s 2018 tweet that he had secured funding to take Tesla private, an effort that was abandoned weeks later. Both sides are due to appear in court next week.

JPMorgan is the latest Wall Street heavyweight to become involved in Musk’s bid to buy Twitter and joins Goldman Sachs Group Inc. to help deal with the 50-year-old billionaire. Morgan Stanley is working with Musk.


JPMorgan’s involvement is also a blow to luxury investment banks, which increasingly compete for market share against the big banks.

Twitter was advised by consulting firm Allen & Co. in 2020, when the company was feuding with activist investor Elliott Investment Management, according to data compiled by Bloomberg.

This time around, no boutique investment banks appear to be involved, although firms tend to add more advisers as transactions drag on.

Goldman, which has historically been close to Musk, including being the lead bank in the failed 2018 attempt to take Tesla private, was conflicted about advising the billionaire due to his long-standing relationship with Twitter.

Twitter adopted the so-called poison pill on Friday, a move to help protect it from Musk acquiring more of the company. The change could give the board more time to decide how to proceed.

Please follow and like us:
Tweet 20

Sharing is caring!

Related Posts

Nora Fatehi serves up a killer airport look in mint green dress worth ₹32k | Fashion trends

Actress Nora Fatehi knows how to make heads turn with her tailoring choices. The star never shy away from experimenting with her looks and always adds her…

Researchers Reveal Hidden Problem of Loss of Appetite During Pregnancy | Health

Researchers have uncovered the hidden problems and developed recommendations and principles for the multidisciplinary management of anorexia nervosa in pregnancy, according to a new study from Monash…

Best and Worst Breakfast Choices for People with Diabetes | Health

Breakfast, arguably the most important meal of the day, serves many purposes, from energizing us for the day ahead, to stimulating the brain, to boosting metabolism. Eating…

Deepika Padukone Wins Airport Fashion Crown With Black And Bralette Look | Fashion trends

Actress Deepika Padukone certainly knows how to make a statement with her fashion choices. Whether she’s walking the red carpet or catching a flight from Mumbai, Deepika…

Desert Nutrition: Expert Tips on What to Drink When You’re Traveling | Health

Summer is that time of year when the skin starts to crack due to dryness, the body becomes dehydrated and the need to moisturize the body over…

Today’s Horoscope: Astrological Forecast for April 20, 2022

Daily Horoscope: Are the stars aligned in your favor? Discover the astrological forecast for Aries, Leo, Virgo, Libra and other zodiac signs for April 20, 2022. Please…

Leave a Reply

Your email address will not be published.

Social media & sharing icons powered by UltimatelySocial