What has happened to sour Musk on buying Twitter? There are several possibilities. One thought is that he was never serious to begin with, but hubris led him to convert a public musing about buying one of the world’s leading social media platforms into a real transaction. — Reuters
Elon Musk late Friday proved that it’s a mistake to think of him as unpredictable. In a move that everyone from investors to casual observers have been predicting for many weeks, he formally bailed out on his US$44bil (RM194.8bil) deal to buy Twitter.
Musk’s stated rationale for abandoning the deal, as set forth in a letter from his lawyers to Twitter, make no sense. They’re all based on his purported supposition that the condition of Twitter’s business is worse than the company has let on, but he presents no evidence to support his claims.
