Elon Musk tweeted that Twitter deal is temporarily on hold
wapoAUG 2022
The Spin
Narrative A
Musk is a savvy businessman. This latest gambit will either depress the price of Twitter and allow him to renegotiate the deal on more favorable terms, or allow him to walk away altogether - just as a drop in Tesla's share price has made the venture less affordable for the billionaire.
Narrative B
Twitter's board could easily say "we can't give it to Elon Musk, he'll break it!" In fact, the board should have rejected Musk's offer from the start on the perfectly legal and rational grounds that he would have irreparably harmed the company if it evolved into his newest plaything.