> I'm not sure what Elon was thinking when he even decided to buy Twitter.
The first time? It really looks like it was the result of a disagreement with the Twitter board. They wouldn't accept his advice or help on how to make twitter better after he became a 9.1% shareholder. The offer to buy the company outright might have been more spite than anything else.
I think he calmed down and realised what a bad idea his offer was (especially at that price), and then spent the next month or so trying to back out.
The second time? Well, he was kind of trapped and was actually forced to buy it.
The twitter board were suing him to hold him to the binding deal to buy at $44 billion that he signed. He only finalised the deal to avoid the lawsuit. It's possible he was afraid of what discovery would reveal.
The first time? It really looks like it was the result of a disagreement with the Twitter board. They wouldn't accept his advice or help on how to make twitter better after he became a 9.1% shareholder. The offer to buy the company outright might have been more spite than anything else.
I think he calmed down and realised what a bad idea his offer was (especially at that price), and then spent the next month or so trying to back out.
The second time? Well, he was kind of trapped and was actually forced to buy it.
The twitter board were suing him to hold him to the binding deal to buy at $44 billion that he signed. He only finalised the deal to avoid the lawsuit. It's possible he was afraid of what discovery would reveal.