There’s 3 likely scenarios to play out:
1. Elon finishes the deal but at a slightly lesser number (say $48 instead of $54).
2. Elon walks away, triggering the stock to drop down to low 20’s, and around 25-percent of ‘members’ quit. Confidence in the company drops like a rock.
3. SEC steps in and starts asking questions about the fake accounts, when they knew they existed, and whole deal has to be halted while they figure out if advertisers were openly lied to, and the value of the company is a lot less.
Me personally, I’d like for Elon to drop them and trigger an exodus of participants overnight.
I think it will be a mix of options 2 and 3. I never thought Elon was legitimately buying the company so I don’t think there will be another deal struck at a lesser amount. That’s just my opinion on that but none of his previous actions pointed to him seeing value in Twitter. When it came out that he first bought 9% he said Twitter’s dying, and that the company is filled with fake accounts and Bots and that there’s no interaction with real people. He tweeted all of this
“ Me personally, I’d like for Elon to drop them and trigger an exodus of participants overnight.”
And, the huge volume of lawsuits. It may have been Musk’s plan all along to expose the fraud at Twitter.
He will never pay the breakup fee. Instead, he will rightly claim the deal was fraudulently represented and walk to let the house of cards crumble.
I doubt he ever intended to consummate the deal. He loves to screw with people’s heads and this one is a lu lu eclipsing his prior efforts. He is laughing his ass off right now while he watches the worm squirm.
This may also be vengeance to draw attention away from the SEC investigation into his late filing of significant ownership in titter. The investigation into his actions will go on but he has created a much bigger S-storm for the people who ratted on him and are trying to help out their little libtard friends.
Down stock in a down market. Could be fatal if not make them sick for a long time.
I would like for Elon to drop out also, we now have Gettr, Truth, Rumble, Gab, we have created our own social media it will take a little time to get people off Twitter but I like you want Twitter to crash and burn!! Musk is hurting Tesla with this Twitter mess!! Not worth it Elon SCREW TWITTER!!
4. Plaintiffs' securities fraud lawyers are likely at this moment drafting complaints against Twitter regarding claims of 5% or less bot accounts.