Barbara Corcoran on Elon Musk: 'I’d like to zip him in a Ziploc bag'
Elon Musk's recent behavior wasn't lost on real estate mogul Barbara Corcoran.
During an interview with Yahoo Finance (video above), the "Shark Tank" investor said he would like to stuff his ego inside a Ziploc bag. "He's been a bit too much for me lately.
I liked him better when he was younger."
Musk offered to purchase Twitter ( TWTR ) for nearly $44 billion, or $54.20 per share, on April 14.
The deal was finalized on April 25.
A few days later, Musk replied to a tweet thread from Twitter CEO Parag Agrawal with a poop emoji
claiming that the deal was "on hold pending details supporting calculations that spam/fake accounts do indeed represent less than 5% of users."
Since Twitter disclosed Musk's initial 9.2% stake in the company on April 4, the stock has lost nearly all its gains, and Tesla's stock has shrunk more than the broader market as well.
Twitter investors — led by Virginia resident William Heresniak
filed a lawsuit against him late Wednesday night, claiming he engaged "in conduct designed to create doubt about the deal and drive Twitter's stock down substantially to create leverage."
The suit alleges that Twitter has lost $8 billion in value since the acquisition was announced.
Additionally, Musk is alleged to have failed to disclose his stake in the company in a timely manner under SEC law, and therefore "bought Twitter stock at an artificially low price."
A new SEC filing shows Musk intends to front $33.5 billion of his own wealth to take over the social media company, though many observers don't think the deal will be completed at the initial $44 billion price, if at all.