Barbara Corcoran on Elon Musk: ‘I’d like to zip him in a Ziploc bag’

Barbara Corcoran

Real estate mogul Barbara Corcoran didn’t mince words when asked about Tesla (TSLA) CEO Elon Musk’s recent behavior.

“He’s a bit much lately. I liked him better who he was than who he is lately.”

Musk offered to buy Twitter (TWTR) for nearly $44 billion, or $54.20 per share, on April 14. The social media platform agreed to a deal on April 25th.

But on May 13, the world’s richest man on paper claimed the deal was “on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” A few days later, Musk responded to a tweet thread from Twitter CEO Parag Agrawal with a poop emoji.

Twitter stock lost nearly all gains since the company disclosed Musk’s initial 9.2% stake in the company on April 4, and Tesla stock also sunk more than the broader market recently.

Late Wednesday night, Twitter investors — led by Virginia resident William Heresniak — filed a lawsuit against him, alleging the billionaire executive engaged “in conduct designed to create doubt about the deal and drive Twitter’s stock down substantially in order to create leverage.”

The suit also claims Musk failed to timely disclose his stake in the company under SEC law, and thus “bought Twitter stock at an artificially low price.”

But on May 13, the world’s richest man on paper claimed the deal was “on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” A few days later, Musk responded to a tweet thread from Twitter CEO Parag Agrawal with a poop emoji.

Twitter’s Agrawal

Twitter’s Agrawal suggested the deal was still moving forward at the company’s annual shareholder meeting Wednesday, saying: “We are working through the transaction process.”

Corcoran previously

Corcoran previously sung the praises of Musk during a January 2020 interview with Yahoo Finance, describing him as a “winner.”

Elon Musk

Musk is “rough, but let me tell you, any great leader is rough,” she said at the time. “Any great leader has a strong opinion and isn’t so smooth on the edges and drives it home. … But that’s what you want when you want to reinvent a category, and that’s what he’s done.”

But on May 13, the world’s richest man on paper claimed the deal was “on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” A few days later, Musk responded to a tweet thread from Twitter CEO Parag Agrawal with a poop emoji.

Twitter stock lost nearly all gains since the company disclosed Musk’s initial 9.2% stake in the company on April 4, and Tesla stock also sunk more than the broader market recently.

By sarah johan

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