Elon’s Out
So much noise here and ill-informed comments fail to give a broader understanding of  what&#x27;s going on. Elon bought up Twitter shares early in the year for a reason, because he wanted more control over Twitter. He bought up so much Twitter shares that when it was announced via the SEC, Twitter offered a board seat under the clause that he wouldn&#x27;t acquire too much % control over the company. He obliged, but then left when he realized he couldn&#x27;t make the changes he desired at the company. Plus, people on the board at the time, specifically Dorsey, was nudging him to buy out the company as a whole. So he did, hastingly. That was an ill-informed decision and obviously a mistake made with respect to doing due-diligence. In hindsight, before the market crash that price may have made sense. But fast forward today with looming recession talk, it&#x27;s pretty clear he realized it&#x27;s overvalued (we know this from tweets about twitter deal being repriced). And so he needed an escape hatch, hence the issue with bots and the unverifiable mDAU was a great talking point. In fact, he may as well be right on the issue as Twitter doesn&#x27;t want to reveal how they calculate it. What he&#x27;s trying to do right now is pretty clearly force the board to give a better deal. He&#x27;s not sold any stock and likely won&#x27;t unless he&#x27;s actually out for good. But given the amount of effort and thought he&#x27;s put into it and making it clear that he should pay a lower price depending on the bot issue, I don&#x27;t think there&#x27;s much doubt he&#x27;s not actually leaving Twitter. Whether the courts will force an acquisition at the current price however, is a looming question. My bet is they settle at a lower price.