Musk is now talking about pulling out. they have refused to give him data on the number of actual users. If this is their plan to hang on it's an extremely stupid one. He has all the marbles.

He may end up getting it at pennies on the dollar.

It will cost him 5 billion to get out of the deal….

one, and he'll make that back after he sues them. their stock will tank, they'll be in trouble with the SEC and their leadership will all leave.

I heard it was a billion opt out clause.

Whatever it is he can get out if he chooses to. The company is worth a lot less now than when he offered to buy it.
He is still Twitter's largest shareholder and should be able to make changes without buying it out.

Their leadership owns almost no stock in the company. They are not going to suffer if they are sued other than possibly losing a high salary.
I've been saying this all along, that the buyout was not showing to be a sure thing.
If it had been the stock price would have risen closer to the buyout price to take advantage of guaranteed profit.

Meh, he never wanted to buy it. He wanted people talking about him.

And you took the bait hook, line and sinker... Dan

Who really cares ?? It won’t change my life at all if he does or doesn’t buy it.

What happened to his promises to preserve free speech, ban spam bots and dramatically boost revenue?

Twitter’s stock has fallen well below his offer price, Musk appears to be reneging on a deal that has made even Wall Street grow skeptical.

He has the ability to repeatedly sell science fiction fantasies to a credulous public and is the foundation of his empire and fortune. Self driving cars were but a “future software update” away. That was 2016. We’re still waiting.

The company is committing fraud.

I think you have it backwards. Twitter has a signed offer letter from him at $54.20 a share. It’s not their fault he didn’t do his due diligence before making the offer. They will take him for a cool billion for backing out AND sue him for performance of the deal.

thanks ted, you're always good for a laugh.

The product was not what they claimed it was. I'm not sure how all that stuff works but I would think it turns out to be a wash because either party could sue and be tied up in court for years

Can’t do due diligence on users if the information is proprietary and they’re lying about it. And user count is a top-3 metric for a social media platform. If Twitter can’t provide an actual count of people signed up to its platform, excluding bots, then the sale price plummets because the platform is worth considerably less than if every account is an actual person and if they are active.