American investor and hedge fund manager David Einhorn’s Greenlight Capital disclosed that it had taken a stake in microblogging site Twitter (NYSE: TWTR) last month after the social media company took billionaire Elon Musk to court for walking out of the takeover deal. TWTR stock closed down 1.7% at $40.89 yesterday. Greenlight’s Stake in Twitter In a shareholder letter, Einhorn stated that Greenlight took a stake in Twitter at an average price of $37.24 per share, Reuters reported. Einhorn noted, “At this price there is a $17 per share of upside if TWTR prevails in court and we believe about $17 per share of downside, if the deal breaks.
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Twitter (NYSE:TWTR)
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