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Elon Musk ’s attempt to buy Twitter and “transform” the company into a private platform roiled both the markets and the media industry Thursday.
Musk “last and final offer” to buy the social media company was $54.20 a share. Twitter stock has traded as high as $71.69 in the past 12 months. The final three numbers in Musk’s “last and final” bid are clearly a nod to his progressive views on the legalization of marijuana.
Twitter’s board met Thursday. It’s expected they will initially reject Musk’s offer, especially since the actual financing has yet to be determined.
“Management is in a tight spot here,” Gene Munster of Loup Ventures said on CNBC’s “Squawk Box.” “A rebuff would be a powerful mistake.” Meanwhile, “Squawk On The Street” hosts Jim Cramer and David Faber were near apoplectic while discussing Musk’s hostile move to buy the company.
So, what if Musk does eventually take over Twitter. What changes would be made?
Here are some unofficial but not-so-crazy prop wagers that consider what might happen if Musk were to eventually gain control of Twitter.
These prop markets are not currently available at legal betting sites or on betting apps and do not reflect odds that may be available on those platforms or elsewhere, now or in the future. These markets have been created for entertainment purposes only by our team at Bookies.com.
Elon Musk Twitter Prop Odds
Donald Trump’s Twitter Account Is Reinstated
YES: -900
NO: +700
BUZZ: The suspension of former President Trump from Twitter following the January 2021 riot at the Capitol launched several attempts at competing platforms, including at least one backed by Trump. The 45th president had 88.7 million followers on the platform and was a prolific Tweeter. Given Musk’s beliefs in open and free speech, expect a Twitter amnesty for nearly all accounts shuttered prior to any takeover.
Barstool Founder David Portnoy Gets His Blue Check
YES: -2500
NO: +1500
BUZZ: David Portnoy has grown both Barstool Sports and his Twitter following. Currently, “El Presidente” has 2.7 million followers and uses the platform to share his views, promote his company and blast his critics. Portnoy is especially effective with his live video feeds and has shown how the platform can be used to bypass traditional media. But he still lacks a verified Blue Check mark. Portnoy has long lobbied for the mark. The only concern here would be if Twitter under Musk’s control does away with Blue Checks completely. Otherwise, this one is a near lock. Portnoy’s company is now part of Penn National Gaming.
Read More: https://bookies.com/picks/elon-musk-twitter-prop-bets-odds-donald-trump-to-rejoin-platform
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