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Elon Musk drops Twitter deal bombshell

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Mahoney Asset Management CEO Ken Mahoney discusses Elon Musk saying Twitter deal is on temporarily on hold. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — F

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right now is mahoney asset management ceo ken mahoney also joining the conversation all morning long this morning as optimal capital director of strategy francis newton stacy and the wall street journal's assistant editorial page editor james freeman great to see everybody this morning thank you so much for being here and ken let's first talk about twitter elon musk is now putting this deal on hold what do you make of this once again in his typical style he tweeted out this news that the deal is on hold the stock is plummeting this morning your reaction well usually when you do a deal maria you actually do due diligence and then you make an offer he's done the other way around right he's made an offer and how he's doing his due diligence and look this company since coming ipo nine years ago the stock has unchanged they never really found a way to monetize it and now he's getting underneath the hood and he's right looking at these um you know all these anomalies