To be clear: it doesn't matter, as far as Elon Musk and his buyout is concerned. To quote Matt Levine's "Money Stuff" newsletter: > “Temporarily on hold” is n

To be clear: it doesn't matter, as far as Elon Musk and his buyout is concerned. To quote Matt Levine's "Money Stuff" newsletter: > “Temporarily on hold” is not a thing. Elon Musk has signed a binding contract requiring him to buy Twitter. > That contract does not allow Musk to walk away if it turns out that “spam/fake accounts” represent more than 5% of Twitter users... The merger agreement contains a provision that allows Musk to walk away if Twitter’s securities filings are wrong ... but only if the inaccuracy would have a “Material Adverse Effect” on the company. That is an incredibly high standard: Delaware courts have almost never found an MAE. > Musk ... had the opportunity to do due diligence on these numbers before signing the deal. (He declined.) He can’t now go to Twitter and say “actually now you need to prove that your user numbers are right.” [0]https://www.bloomberg.com/opinion/articles/2022-05-13/elon-musk-trolls-twitter https://www.bloomberg.com/opinion/articles/2022-05-13/elon-m...