Update: $TWTR Long +$28,978 on the way to $100,000 via /r/wallstreetbets #stocks #wallstreetbets #investing

*Not investing or legal advice

https://preview.redd.it/zxp1y4u1hyf91.png?width=1125&format=png&auto=webp&s=8a0dab09bf2d4612d0023274b6c65319cae0b2b9

https://preview.redd.it/izi7fgw3hyf91.png?width=1125&format=png&auto=webp&s=f56a45c5763bed71794b45d410d187d7f80609cc

Thesis: Musk’s bot issue is not real. TWTR does not make any reps about bots in the merger agreement and their SEC filings only mention that they try to estimate the number of bots but the actual number might be greater than 5%. Specific performance will be issued and Musk will be forced to close the deal at $54.20/share.

Updates: Einhorn / Greenlight is now long TWTR as well. At a very similar cost basis to me.

Positions:

-Long 5,100 shares @ $37.81/share weighted average

-Long 55 Jun 16’23 50 Calls @ $1.72 weighted average

-Short 51 Jan 19’24 55 Calls @ $0.69 weighted average

Previous Posts

Post 1

https://www.reddit.com/r/wallstreetbets/comments/w40d0v/130k_twitter_long_twtr_going_to_upsize_to_200k/

Post 2. I am still concerned about the financing and solvency as the only thing that can end the deal. A lot of people in this thread were dismissive of the solvency concern or just factually wrong but Slate literally just published a story with this exact same concern.

After these earnings, $TWTR is insolvent pro forma for the $13 billion merger debt, which would blow up financing and end the deal from wallstreetbets

Slate article on Twitter solvency: https://slate.com/technology/2022/08/elon-musk-twitter-trial-financing.html

Post 3

UPDATE: Twitter ($TWTR) $200k+ Long With $100k P&L if Merger Closes at $54.20/share from wallstreetbets