Complete speculation, but after seeing that and then the offer, i immediately thought “ok, they had some negotiation, Elon made demands, the board refused, he threatened to buy the company and fire them, the board refused… and now he is following through.”
I don’t think he’s an idiot though, so there must also be some other upside here. Certainly there’s value to unlock in Twitter. Does he need the cash?
> I don’t think he’s an idiot though, so there must also be some other upside here.
Maybe he's just petty? There wasn't an upside to calling that diver a "pedo guy", but Musk was nursing a vendetta due to perceived slights in the past.
Only if he intends to through with it. Without making any claims; it is in the realms of possibility that a pissed off billionaire would intentionally tank the stock price of a company whose board offended them and make a small profit, or small loss (relatively), depending on the spread of shares he'd already bought. Even if the stock price doesn't tank, they'd spin wheels for weeks, while mired in busywork.
> "There will be distractions ahead ... let's tune out the noise and stay focused on the work and what we're building"
from the other day (https://news.ycombinator.com/item?id=30984215) meant...