Elon is looking at dropping his bid for Twitter.
What will this mean?
Musk claims that Twitter is in breach for not providing the info on fake accounts and bots.
This is getting very interesting. He knows he is the only one who is open to buying the company. I havent checked the stock but it has to be crashing.
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That's really interesting. Is anyone planning to scoop up after the crash?
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As in a buyer? I do not believe so. The board went out looking for another buyer when he submitted his initial bid.
It is likely that someone would be more willing at the lower levels but it still brings up the point of what it is truly worth. Musk is really starting to question that.
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I mean the stock price of Twitter. Is it not publicly traded?
If the deal falls through, I think most people will not be buying Twitter at all. The skepticism on the bot numbers is already alarming.
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Ouch! What a blow that might be if he cancels the deal.
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Yeah the shareholders are going to be a world of hurt I would believe.
Musk seems like their last chance. #ProjectBlank really needs to see the light of day.
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What a challenge they must go through, hopefully they'd be able to convince Musk to give it a last chance.
Looking forward to ProjectBlank :)
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Elon will be the winner regardless of what happens. He sold a bunch of Tesla stock to fund the purchase and he will be able to keep the money without any issues.
At the same time, both Tesla and Twitter haven't been doing that well and there will be lawsuits for both Twitter and Elon if this fails.
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