Barron's: "Elon Musk Never Should Have Tried to Buy Twitter"

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Barron's: "Elon Musk Never Should Have Tried to Buy Twitter"

Excerpt from Barron’s quoting DataTrek:

… “It’s not the fairy tale ending investors would have hoped for when Elon Musk made his bid in April. But was Musk ever a good fit for the company? Not according to Nicholas Colas and Jessica Rabe, the co-founders of DataTrek Research

The team at DataTrek poured cold water on hype over the deal—which initially sent shares in Twitter rocketing higher—as soon as it was announced, describing the social media group as an “odd fit” for Musk.

They reiterated that position in a note Tuesday. This is their logic: There are two types of innovation—disruptive and sustainable”…

Full article here on Barron’s.