“””Musk offered to buy at $54.20 a share, and now share price is $36.42. Musk either walks (that will cost him $1 billion) or he buys at the new valuation.”””
Twitter’s share price closed at $45.08 on Thursday. Otherwise, I agree that the players are betting that Musk is going to walk away from the deal.
Pre-market, $38.26
I doubt he pays the $1 billion if the company isn’t materially as presented.