Advances in Economics, Management and Political Sciences

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Proceedings of the 2022 International Conference on Financial Technology and Business Analysis (ICFTBA 2022), Part 2

Series Vol. 6 , 27 April 2023


Open Access | Article

Research on the Motivation and Influence of Musk's Acquisition of Twitter

Jiyu Zhang * 1
1 Finance, Changchun University of Finance and Economics, Changchun 130000, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 6, 43-48
Published 27 April 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Jiyu Zhang. Research on the Motivation and Influence of Musk's Acquisition of Twitter. AEMPS (2023) Vol. 6: 43-48. DOI: 10.54254/2754-1169/6/20220141.

Abstract

Since the beginning of 2020, the spread of COVID-19 around the world has caused the economy to suffer greatly. Many chain stores and private stores are affected by this. Studies have shown that as the economic environment becomes unstable, companies will gather together to seek the possibility of joint risk protection. This article is based on Elon Musk's announcement of the acquisition plan for Twitter on social media and studies the impact on Musk's management company and Twitter users if the acquisition is successfully implemented. Mainly through literature analysis and case analysis. The subjects of the study are Musk and Twitter, both parties to the merger. The source of data is mainly through public data of listed companies. As far as the research results are concerned, no matter whether the merger can be successfully completed or not, it has already brought a negative impact on the stock prices of both parties.

Keywords

Social Media Platform, Twitter, M&A

References

1. Wang, Q., & Lau, R. (2019). The Impact of Investors’ Surprise Emotion on Post-M&A Performance: A Social Media Analytics Approach. Association for Information Systems, Munich.

2. Gay, E., Ke, B., Qiu, L., & Qu, C. T. (2020). CEOs' social media messages, perceived personality, and M&A decisions.In: 2019 Canadian Academic Accounting Association (CAAA) Annual Conference. Ottawa.

3. Gilson, S. C., & Abbott, S. (2017). Tesla Motors (A): Financing Growth. Harvard Business School case study 218-033.

4. Strauss, N. and Smith, C.H. (2019), "Buying on rumors: how financial news flows affect the share price of Tesla", Corporate Communications: An International Journal, Vol. 24 No. 4, pp. 593-607.

5. O'Shaughnessy, K. C., & Flanagan, D. J. (1998). Determinants of layoff announcements following M&As: An empirical investigation. Strategic management journal, 19(10), 989-999.

6. Simons, T. (2002). Behavioral integrity: The perceived alignment between managers' words and deeds as a research focus. Organization Science, 13(1), 18-35.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2022 International Conference on Financial Technology and Business Analysis (ICFTBA 2022), Part 2
ISBN (Print)
978-1-915371-23-2
ISBN (Online)
978-1-915371-24-9
Published Date
27 April 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/6/20220141
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated