Famed short-seller betting Elon Musk tanks Twitter stock by slashing his takeover bid

A short-seller known for uncovering the Nikola Motor fraud has bet against Twitter, warning publicly that Elon Musk has “all the cards” to renegotiate a lower price.

In a statement on Monday, Hindenburg Research concluded the deal’s $1-billion breakup fee was not a sufficient enough deterrent given the heady cocktail of poor first-quarter results and inflated user numbers for the social media platform, as well as an ongoing market crash in tech stocks.

That gives the Tesla CEO an opening…

Read More