Here's Why You Probably Shouldn't Buy Twitter Right Now
Elon Musk's plan to acquire his favorite media outlet, Twitter (NYSE: TWTR), has a lot of investors scratching their heads. The aging social media business is underperforming nearly all of its peers, but plenty of investors think Musk can begin an exciting new chapter for the troubled company.
Shares of Twitter had been languishing for months, but the stock quickly rose after Musk disclosed a 9% stake in the company, making him its largest shareholder. Instead of accepting Twitter's offer to join its board of directors, Musk put in a modest bid with a slight premium in an attempt to take the entire company private.
If you want to buy Twitter now because you think Musk can boost its performance, here's why you could end up disappointed.
Source Fool.com
