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TWTR Twitter, Inc.

Current Share Price: 43.840

Hindenburg Research
Initial Report Date（2022/05/09）Share Price:47.960

Musk Holds All The Cards: We See a Significant Risk That The Twitter Deal Gets Repriced Lower

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As a result of these developments, we believe that if Elon Musk’s bid for Twitter disappeared tomorrow, Twitter’s equity would fall by 50% from current levels. Consequently, we see a significant risk that the deal gets repriced lower

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