I called this right off the bat. I don’t think Elon ever planned to buy Twitter. All of his early tweets were completely negative about the company and he even called out all the fake box and accounts. Why would you pay top dollar for a company that’s built on a house of cards?
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.