Industrials analyst Jay Van Sciver, Telecom-Media Policy analyst Paul Glenchur, and Communications analyst Andrew Freedman team up together with Hedgeye CEO Keith McCullough to have a roundtable conversation concerning Elon Musk’s hostile bid to buy Twitter (TWTR) for more than $43 billion US. Watch now as the Hedgeye team highlights Musk’s past legal incidents and hypocrisies, while discussing what a potential Twitter takeover would mean for the future of their respective sectors.
- Van Sciver: "You can love Tesla, you can hate Tesla, whatever it is"..."This is probably just another ploy to distract from what is currently an SEC investigation.”
- Freedman: “It wouldn't be the first time a billionaire has purchased a media platform, like Jeff Bezos bought The Washington Post. This would be the first time that someone had the world's richest person go out and buy the most powerful digital social media platform. Who else may throw their hat in the ring now that Elon has made the bid public?”
- Glenchur: “Is there manipulation here? I mean, you can always, find people who will make those type of contentions. It just depends on how the facts play out,” notes Glenchur. “I think the securities laws of what constitutes a misrepresentation or manipulation, it’s a malleable concept.”
Watch the full clip above.
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