Also, to assume a purchase point of $24 means they bought Twitter around the lowest it's ever been during the split when they were limiting purchase because they were in the process of buying out Jack.
The reality is most Twitter shareholders bought between $45 and $50, so $4 gain per share isn't really worthwhile. Now, it would be for the average person, but someone who owns enough Twitter to make a profit offer a $4 per share jump has enough money that it's not a big profit.
A very good example of this is Lennar. I bought a fuck ton of Lennar in 2008 during the crash because I knew it would all come back eventually. I held and held and decided last year to cash out to use it to build my new farm. I sold at $105 a share, plenty of money to build my house. That was a worthwhile hold.
Also, to assume a purchase point of $24 means they bought Twitter around the lowest it's ever been during the split when they were limiting purchase because they were in the process of buying out Jack.
The reality is most Twitter shareholders bought between $45 and $50, so $4 gain per share isn't really worthwhile. Now, it would be for the average person, but someone who owns enough Twitter to make a profit offer a $4 per share jump has enough money that it's not a big profit.
A very good example of this is Lennar. I bought a fuck ton of Lennar in 2008 during the crash because I knew it would all come back eventually. I held and held and decided last year to cash out to use it to build my new farm. I sold at $105 a share, plenty of money to build my house. That was a worthwhile hold.