The longer
@elonmusk's $TWTR bid sits there at $44BN, and its comps go lower, the more attractive a pair's trade with $SNAP looks. If SNAP trades $20 soon, it will trade ~6x sales, equal to TWTR.
Without his bid, which takes months to close, TWTR has a 3 handle. $54.20 NGMI
twitter.com/WSJ/status/152…