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Elon Musk Is Overpaying for Twitter—by a Huge Amount. Here’s the Math.
Next:
WTO Sees Bigger Slowdown in Trade, Risking Recession

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ELON MUSK IS OVERPAYING FOR TWITTER—BY A HUGE AMOUNT. HERE’S THE MATH.

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By
Connor Smith
Updated Oct. 5, 2022 8:52 am ET / Original Oct. 4, 2022 5:52 pm ET
 * Order Reprints
 * Print Article



Elon Musk plans to buy Twitter TWTR –1.35% for $44 billion, the original price
he agreed to back in April. The world’s richest man is likely wishing he waited
a few months to sign the contract.

When Musk, the co-founder and CEO of Tesla TSLA –3.46% (ticker: TSLA), proposed
buying Twitter for that $54.20 price, some observers wondered if Twitter would
even accept the offer.


HOW ELON MUSK’S TWITTER OFFER WENT FROM NO GO TO REALITY

The social-media company agreed to sell the business to Tesla's billionaire CEO.

Continue reading


Twitter stock traded at $39 on April 1, the Friday before Musk disclosed a stake
in the social media firm, but shares had traded as high as $68 in October 2021.

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to continue reading


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 * Trade


WTO SEES BIGGER SLOWDOWN IN TRADE, RISKING RECESSION

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By
Liz Moyer
Oct. 5, 2022 4:15 pm ET
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 * Print Article



SOARING ENERGY PRICES AND RISING INFLATION ACROSS THE WORLD ARE EATING INTO
DEMAND FOR GOODS, THE WORLD TRADE ORGANIZATION SAID.

Mario Tama/Getty Images

Soaring energy prices and rising inflation are eating into demand for goods and
could dramatically slow global trade next year, the World Trade Organization
said Wednesday.

Growth in global trade is forecast to slow in the second half of 2022 and next
year compared with earlier predictions, the WTO said, citing multiple shocks
that will weigh on the economy.

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ELON MUSK IS OVERPAYING FOR TWITTER—BY A HUGE AMOUNT. HERE’S THE MATH.

Elon Musk plans to buy Twitter for $44 billion, the original price he agreed to
back in April.

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