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Twitter's valuation dropped more than 32%+ below the price Elon offered to acquire it for (prior to purchase). That's the only reason why Twitter forced him to
by tiffanyh 3y ago
Twitter's valuation dropped more than 32%+ below the price Elon offered to acquire it for (prior to purchase).
That's the only reason why Twitter forced him to honor his offer.
So it's a mischaracterization to state the value of Twitter halved while on Elon's watch.
https://www.cnbc.com/2022/07/11/twitter-shares-sink-after-elon-musk-terminates-44-billion-deal.html https://www.cnbc.com/2022/07/11/twitter-shares-sink-after-el...