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Seems to me that he did / does want to buy Twitter (not because of free speech or whatever, but as a rich guy vanity project), but then the stock market crashed
by sanderjd 4y ago
Seems to me that he did / does want to buy Twitter (not because of free speech or whatever, but as a rich guy vanity project), but then the stock market crashed and now the price he agreed to is way too high so he's trying to weasel out of it or weasel the price down. Either way he's just being a weasel.
- supah 4y agoit’s been on its way down since November, he was well aware before making the offer.
- sanderjd 4y agoYes, but there was a step change in the market between when he signed the deal and now. The price looked generous when he signed (which is not irrelevant; it was an offer the board essentially couldn't refuse, once his financing came in), but it looks absurdly high now. He likely expected it to be flat-ish or down a bit as the deal progressed toward closure, but not nearly this far down.