Why so Many Elites Can't Stand Elon Musk• https://fee.org by Patrick Carroll
Elon Musk's Twitter-acquisition saga saw new developments last week as Musk reaffirmed his original offer to buy the company for $54.20 per share, a price that puts the company's value at a whopping $44 billion. After the original deal was settled in April, Musk tried to back out in July, alleging Twitter was misrepresenting the number of bots on its platform. Twitter sued Musk to force him to go through with the purchase, and the two sides were set to go to trial on October 17.
That trial now won't be necessary, it seems, as Musk is basically giving Twitter the price he had pledged. Twitter's share price spiked 22 percent on the news, and many now have a renewed optimism (or fear) that Musk will in fact go through with the purchase and eventually bring less restrictive content-moderation policies to the platform.
The Laid-Back Billionaire