I wondered why he would suddenly change course like this. Best guess: he knew he was going to lose in court.Elon Musk changes course and proposes going through with Twitter deal at original price: Sources
Twitter shares surged on Tuesday after Bloomberg first reported that Elon Musk plans to go through with his acquisition at $54.20 a share.www.cnbc.com
twitter up huge, trading halted.
tesla loses 5% gain after news.
There are other theories that this is a way for him to avoid being sued before the banks are released from their obligation to finance the deal. If they refuse to recommitt, he is legally free from buying Twitter.
more like he already made money shorting this stock, then bought a lot more when it tanked...and now he agreed to buy on his original offer...he probably made a few billions during the shenanigan he pulled.
too big to get caught...he probably used layers of hedge fund management to do his bidding...i just finished watching "eat the rich" in netflix...a lot of people got burnt but melvin cap lost almost 50% of it's value...retail traders sticking it up to the big guys but got burned themselves...it's thousands vs. billions...reason i mentioned this show is because Elon Musk probably made money on GME as well...his tweet "gamestonk" made the stock double in a day....
THere was a time when the elongated muskrat was the darling of the Internet. He's an opportunist looking to capitalize on whatever he can. I'm still waiting for him to hype some new cryptocurrency in another blatant money-making scheme.
