Even if you think Twitter stock will go up 20% next year, you'd want to take this offer. If you think it will go up 50% next year, you might still take the offer because of the risk:reward ratio.
Yeah, I don't know much about TA, but I think it probably works better for well-established cyclical stocks, not for growth (or lack thereof) stocks like TWTR.
I think last year was some serious bubbliciousness, not the true value of Twitter and all the other tech companies (and shitcoins and NFTs and basically everything else people were throwing money at)
"Elon said" is not a stamp of trust anymore. Elon also said TSLA would accept Dogecoin, which he had accumulated prior to communicating it. Then he sold it off.
History should be a lesson here, it's almost Deja Vu with Twitter
The big reason it tanked was privacy regulations from Apple/Android. That's not changing to favor Twitter and effectively took away one of their biggest revenue streams. That's a big deal for a perennially non-profitable company.
