3 ms·
(1) yes, though would be an expensive troll and (2) no - offer was non-binding and very conditional (due diligence, financing, etc.)
by friesfreeze 4y ago
(1) yes, though would be an expensive troll and (2) no - offer was non-binding and very conditional (due diligence, financing, etc.)
- mym1990 4y agoThank you! Why would it be an expensive troll if no money is changing hands?
- friesfreeze 4y agoWell (1) you can be sure Musk is paying lawyers $$$ to make sure he doesn't deeply fuck up on any securities rules given his contentious relationship with the SEC [though fairly that might be de minimus to him] (2) there is an opportunity cost to putting money so much money in twitter just for laughs [he could be doing other things] and (3) there is risk that the twitter stock could fall out from under him. (3) is really only a cost relative to having the money in a diversified portfolio - but it is a real cost nonetheless.
- loeg 4y agoHe has put like $4 billion into Twitter stock, which is volatile.