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Musk decided to pay $54.20/share (because weed joke) for twitter under the guise that he was going to fix the bot problem. Now he wants to back out of the deal
by raziel2701 4y ago
Musk decided to pay $54.20/share (because weed joke) for twitter under the guise that he was going to fix the bot problem. Now he wants to back out of the deal because of the bot problem.
He makes no sense.
- kcplate 4y agoHe wants to back out because the size of his wallet has gotten smaller because of the market, twitter’s value is significantly less than when the offer was made, and apparently Twitter is holding back on providing some data. If he proves that last part, Twitter is screwed because there is no doubt it’s going to underscore the bot problem even further and I think their stock is going to dip into the low 20s.
- mlindner 4y agoHis reason for buying it was never the bot problem. Where are people inventing this reasoning from. His reason for buying it was to create a public square, which he stated multiple times. He hardly mentioned the bots at all before setting out to buy Twitter.