On his show tonight, Jim Cramer said that if funding and everything else checks out, Twitter should accept Elon Musk’s buyout offer.
He also appears to have tweeted his blessing. Earlier, he thought it was a bad idea however. But now Cramer feels Twitter’s stock price could plummet back into the thirties it they don’t take the offer.
“@elonmusk given the success you have had at Tesla why, as a heavy user, would i not want you to run Twitter? You are the most important user and you know more than anyone else how it works, What a blessing if you ran it“
@elonmusk given the success you have had at Tesla why, as a heavy user, would i not want you to run Twitter? You are the most important user and you know more than anyone else how it works, What a blessing if you ran it
— Jim Cramer (@jimcramer) April 14, 2022
Here is Cramer with a different take earlier:
“They have no choice but to reject it,” Cramer said Thursday on “Squawk on the Street.” “If they say, ‘we accept,’ they’re phony. And they’re not phonies.”
Jim Cramer says his opinions are often for entertainment only and commonly changes his opinion on things such as stock suggestions and other opinions.
This about-face isn’t too surprising. Whether or not Cramer’s opinion holds weight with the board is harder to speculate upon, however.
This aligns with our earlier report that Twitter may possibly plummet 20% according to an analyst if they don’t take some kind of offer:
