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Both Twitter's value and the value of the stuff that underlies Musk's wealth has dropped. So they could agree to a new lower price and Twitter shareholders wou

Both Twitter's value and the value of the stuff that underlies Musk's wealth has dropped. So they could agree to a new lower price and Twitter shareholders would still make the same money relative to the recent value of the stock and Musk would take a similar ding relative to his net worth. It's like if you agree with someone's heirs to buy something after the current owners croaks but the current owner takes long enough to croak that the market for that thing changes. The typical path forward is to re-adjust so the deal is just as fair for both parties as it used to be and get on with it. But because of the dollar figures involved here the parties will sue each other instead of exchanging emails/texts like normal people looking to buy and sell stuff do.

skohan 4y ago
> So they could agree to a new lower price and Twitter shareholders would still make the same money relative to the recent value of the stock What? So let's imagine I bought 10000 shares of TWTR in 2018 for $25. And now Musk wants to revise the offer down from 54.20 down to 34.20. Why should I accept a $200k smaller return, just to be more "fair to Elon" in terms of the effect on his net worth? Or worse, what if I bought 10000 shares close to the peak? Why should I accept a $200k larger loss on the stock? He made a contract to pay a certain price - it's in no way a wash to shareholders if he wants to pay less. He just made a bad deal. Nobody forced him to sign a contract to acquire Twitter at that price.