Elon Musk spooked the market with his early Friday tweet that the Twitter, Inc. deal is on hold. Wedbush analyst Dan Ives says there are three scenarios at play now:
The Street will view the announcement as signaling that the deal could be falling apart.
Alternatively, the development could suggest Musk is looking around to negotiate a lower bid price.
It could also mean the Tesla CEO is “simply walking away from the deal” with a $1 billion breakup fee.
He could be using Twitter’s filing of spam accounts as a way to get out of the deal in a “vastly changing” market.
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