I know it’s conventional wisdom that he wants to back out of the deal; Twitter, he says, is hiding the football on the number of fake accounts and those annoying bots. But as we’ve reported before, bankers who know him are dubious that he really wants to call it quits.
They say he just wants to pay less after Twitter’s stock price cratered with the rest of the tech sector along with Tesla, which serves as Musk’s deal currency (he owns 175 million shares; you do the math).
Now they say there’s more method to Musk’s Twitter-deal madness, even if he’s still rolling the dice in ways that could end up disastrous for him.
Source: Twitter on the cheap: Is Elon Musk eyeing a discount?
