Musk severely overpaid for X. The valuation is not the same as the price someone paid for it or would pay for it. Someone could today buy it at twice the valuation, it would be dumb, but they could.
Musk actually wanted to terminate the sale, but the twitter board chair pursued legal action to force the sale[1] at the $44 billion discussed here.
If Bret Taylor did not force Musk to pay that severely inflated price, Donald Trump would likely not be president today. Not all heros wear capes.
Musk actually wanted to terminate the sale, but the twitter board chair pursued legal action to force the sale[1] at the $44 billion discussed here.
If Bret Taylor did not force Musk to pay that severely inflated price, Donald Trump would likely not be president today. Not all heros wear capes.
[1]: https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon...