It’s not as weird when you consider he paid for a lot of it via Tesla stock. If you think both are going to plummet in value due to an imminent downturn, you’re really just swapping ownership in one for the other irrespective of the downturn. But it doesn’t seem like a genius plan of his – he wouldn’t have bothered fighting a lawsuit to get out of it if that was his plan all along.
It was never the right price, which is why the twitter board was so happy and eager as hell to sell rather than stay an independent publicly traded company.
It’s not as weird when you consider he paid for a lot of it via Tesla stock. If you think both are going to plummet in value due to an imminent downturn, you’re really just swapping ownership in one for the other irrespective of the downturn. But it doesn’t seem like a genius plan of his – he wouldn’t have bothered fighting a lawsuit to get out of it if that was his plan all along.
That was the right price at the time and patience is certainly not his virtue. Like I said putting it all on the line is how he operates.
It was never the right price, which is why the twitter board was so happy and eager as hell to sell rather than stay an independent publicly traded company.