It’s increasingly clear that Twitter’s decision to buy, and everything that’s happened since, it responds more to impulse than to a process of analysis and reflection. And it is because otherwise it would be difficult to explain the erratic attitude. From the moment the purchase was announced, we saw statements in favor of the social network, statements against it, attacks on its current board of directors and, which was one of the highlights of this telenovela, until the announcement that he canceled the purchase offer.
What did you have in mind when you decided to step down? There are opinions for all tastes, from those who say his position is legitimate because he didn’t get the answer he wanted about the bot issue, to those who say he was looking for a new, much cheaper offer to buy Twitter. And, of course, those who think that their economic situation is seriously threatened by this operation, and that after the “high” they realized that it was a bad idea and tried to back off.
Be that as it may, it gives the impression that at both moments (the signing of the contract and the announcement of his departure) he stopped to think about all the implications of what he was doing. Perhaps he thought he could decline his commitment to buy and that the other parties involved would readily accept him? It’s hard for me to think that someone like Elon Musk could be so innocent, so I understand that he imagined the legal path ahead.
However, he could not have foreseen that the prospects for his plans would be so bleak. The very signing of the Delaware contract worked against him, the selection of Kathaleen McCormick to prosecute the case was a bucket of cold water, and the terms of the date and duration of the case were interpreted by the vast majority of analysts as somewhat on the Twitter scoreboard, while Musk’s remains at zero. And that we are only talking about the Twitter case against Elon Muskdon’t forget there are more lawsuits going on.
A) Yes, Could Elon Musk be thinking about stepping down again? So we can come to this conclusion this tweetin which we read the following:
«If Twitter simply provides its method of sampling 100 accounts and how they confirm they are real, the deal should go through on original terms.
However, if your SEC filings turn out to be materially false, you should not do so.»
So it went from not trusting the data presented by Twitter and from using the mentioned doubts as an argument to try to cancel the purchase, to claiming the accreditation of the same. The interesting thing is that this is exactly the point where both sides are afraid of Musk’s “haunting”. Why are you returning to that point now? What has changed during this time? Most notably, the legal process seems increasingly complicated to him, to the point where he could end up incurring even more expenses.
On the other hand, it is evident that the current Twitter board wants the operation completed, although now the question is whether they will work with Musk or, on the contrary, risk everything for a court trick. I think they will cooperate and complete the purchase as amicably as possible, but the facts have shown us that anything can happen.
