Hedge fund Greenlight joins Twitter – bet on Musk’s defeat

Dusseldorf Bets on Elon Musk’s defeat in the takeover dispute with Twitter are increasing. With Greenlight Capital, the second hedge fund has now announced that it has bought shares in the short message service. He assumes that the Tesla boss will be forced by the court to buy Twitter as originally agreed for $54.20 per share. Monday night’s closing price was $40.89.

Greenlight Capital said in a letter to its investors, seen by Reuters, that it bought shares in Twitter in July at an average price of $37.24. The hedge fund managed by well-known short seller David Einhorn did not explain exactly how large the position is.

Hindenburg Research has already positioned itself in a similar way: In mid-July, he declared that he was counting on Musk’s defeat in court and had therefore bought Twitter shares.