> In other words, his purchase was more political than economic, more ego than sound business judgment. Not necessarily. I'm not a fan of the guy, but I do wor

> In other words, his purchase was more political than economic, more ego than sound business judgment. Not necessarily. I'm not a fan of the guy, but I do work in investment finance. The increase of interest rates might've been the reason he didn't want to go through with the buy. We went from a world where borrowing money was almost free to a world where it's very expensive. When Elon signed himself into buying Twitter loaning money for you and me was between 0.25% and 0.50% rate, when it finalized it was between 3.75% and 4.00%. The organisational loans are different, but not by much, and not only did those 6 months show the increase in rate, our financial industry also went through the realization that this wasn't likely to end as soon as they first hoped. I'm not sure we can ever really get into the details, but I do think that going from free money to very expensive money likely had more to do with this than his ego and bad judgement.