Twitter Has Entered the Elon Musk Twilight Zone – WIRED

The other two outcomes, which are together much more likely, Ives says, would see Musk either buy Twitter for the agreed $44 billion, or walk away after reaching a settlement in which he pays the company damages of between $5 billion and $10 billion. “The stock is factoring in some significant chance that Musk will ultimately have to pay Twitter a major settlement well north of $1 billion, and possibly still have to buy the company at the agreed upon price,” Ives says.The prospect of Twitter’s upside-down logic prevailing and Musk ending up owning the social network he now appears to disdain has some employees and users worried. “There is no one to pump the brakes on this deal even when it’s clear Musk is the last thing in the world Twitter needs,” says Brianna Wu, a former video game developer and founder of progressive political action group Rebellion PAC. “The investors want it to go through. The board stands to make billions, and they’ll go to court to force the issue.”How does a business deal agreed by both sides and backed by some of the world’s largest banks turn into such a mess? Javier Marcos Cuevas, associate professor at…
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