765 Million Reasons Why Elon Has Lost The Twitter Battle
Elon Musk has wreaked havoc with Twitter in the last 6 months. Secretly buying stock, ignoring the rules, publicly redesigning the product before he owns it, bragging about an inflated offer, regretting making the inflated offer, pulling out from buying Twitter.
Now he’s in a bind entirely of his own making and he wants out. But he’s not going to get out of this entanglement for free.
So, the big question is what’s it going to cost him? The stakes are high for Elon.
If he goes ahead and buys Twitter at an over-inflated price, he’ll put his empire at risk. That will mean he has to leverage his Tesla pot of gold to pay for it.
If he doesn’t, he’s going to have to manipulate the market to get the Twitter price up and minimise his exposure. That won’t go unnoticed at the SEC!
Either way, it’s a game of loss mitigation for the greatest product innovator of our generation.
Look, bots!
Backstory: Lawyers for Twitter and Elon Musk met in court last week. The aptly named Court of Chancery in Delaware, to be precise. The purpose of the hearing was to set the date for the full hearing on whether Elon has to honour his contract to buy Twitter.
