Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to share his option of Elon Musk’s offer to buy Twitter and take the Company private. Investors do not seem impressed as Tesla stock is down over $100 (~10%) today. A key aspect of the proposed deal is the banks role in helping finance the $44billion deal and the Tesla stock Musk is pledging.
We also discuss the broad weakness in the markets as tech is leading the way again to the downside and the NASDAQ close to breaking to new lows for the year.