Comment by claytonjy
2 days ago
how would you explain how hard he fought to NOT buy twitter?
people seem to forget he was legally forced to buy Twitter after he tried for months to get out of his joke bid, primarily through claiming he was misled about the extent of bots on the platform
The entire idea is to buy an undervalued platform using insider information, if the stock price plunges after he committed to a price then it's no longer undervalued. This has happened between his bid and termination announcements.
I also roughly remember he had his Tesla holdings as collateral creating some liquidity crisis for him.
This elaborate explanation does not mean it isn't wrong and the original theory of idiot-with-money does not hold
He just had to pay what 1/50th of his bid to exit the buy. He'd make that bill back in what a month?