Musk's twitter deal.

[Tomconroy]

Musk is supposed to be paying $54 a share. The stock price is now south of $40.
The deal ain't happening.

[RockRaven]

1. There will be lawsuits, many lawsuits... That will take forever to resolve.

Musk suing Twitter, Twitter suing Musk, Twitter shareholders suing both, Tesla shareholders suing Musk...

[C_U_L8R]

2. The board was foolish to welcome Musk's offer

Shareholders are going annihilate them.

[Lettuce Be]

6. I think the board had no choice but to present the offer to shareholders

and it appears shareholders accepted the offer, unless I'm missing something.

[former9thward]

7. The Twitter board accepted the offer.

There was no vote by shareholders.

[C_U_L8R]

11. I don't know if they invited other bidders

Maybe they did. But it seems like they came to a fast decision to go with Musk.

[Johnny2X2X]

3. He wants us to think he's that stupid

Musk had no intention of buying Twitter IMO, he knew this stuff up front, he was just rattling people's cages.

It was a bad investment, no way he'd make it.

And didn't he talk about getting rid of the millions and millions of fake accounts as the first thing he'd do? Now he's claiming ignorance that there were a lot of fake accounts?

[kysrsoze]

4. Either that, or he thought he could ratfuck the deal and get Twitter to settle on a lower price

He's such a self-loving asshole, it's hard to tell what his true motivation was.

[crickets]

9. +1

[Cuthbert Allgood]

10. I agree he was just trolling.

[Lettuce Be]

5. He purposely trash-talked Twitter, so no shock price is dropping

So now he thinks he can "renegotiate" a signed deal? No, Musk. Not how it works. He may end up pulling it off but it's going to cost him plenty. He's an idiot and should not be allowed to own stock. His ability to influence the markets constitutes an unfair advantage.

[sarcasmo]

8. Market manipulation used to be a crime.

[Xoan]

12. He's gonna weasel!