Billionaire investor Carl Icahn had a “cordial dinner” with Apple CEO Tim Cook last night, and couldn’t wait to tweet the news. Icahn reported that he pushed hard for a $150 billion Apple stock buyback. Icahn didn’t say how receptive Cook was to the idea, but said they were planning to meet again “in about three weeks.” The tweet had an instant effect on Apple’s stock price.
The two parties had dinner in New York City on Monday, with Icahn pushing Cook to invest more in itself. He has previously said he believes shares of AAPL are “extremely undervalued” at their current price.
Icahn issued his tweet Tuesday morning at 10:23 AM Eastern, and the effect on Apple’s share price was nearly instantaneous, as seen in the chart above.