in my opinion. Go back and watch the CNBC interview (10:10 est time) when they asked him about Google and discussions with them. Then compare that to how he reacted at RE/CODE on May 28th when asked about stepping down as CEO.
Also why do this announcement now and not at the next call? It's not like he's stepping down immediately.
This was my favorite short but now there is too much risk to the upside and it's not going much lower.
Easiest trade ever. There are only five facts you need to know after today's news.
1)Twitter is a worldwide brand.
2) It closed at ONLY 35.84 today.
3) Shorts need to cover soon.
4) You will be screaming "NOOOOOOOOOOOOOOOOOOOOO" when the false rumors of a buyout start and you are still short.
5) You will be screaming "FAAAAAAAAAAAAAAAAAAAAAAAK" when a real offer is made and still short.