Netflix stock crashes over 38% at open. Yesterday, Elon Musk tweeted that the “woke mind virus is making Netflix unwatchable.”
Netflix posted disastrous subscriber data yesterday. They lost 200,000 subscribers in Q1 and are projected to lose another 2 million in Q2.
Elon Musk Tweeting about his next move “Plan B” 👀🔥
What is a Tender Offer?
A tender offer is a proposal that an investor makes to the shareholders of a publicly traded company. The offer is to tender, or sell, their shares for a specific price at a predetermined time. In some cases, the tender offer may be made by more than one person, such as a group of investors or another business. Tender offers are a commonly used means of acquisition of one company by another.