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A comment on Musk Proposes to Proceed with Twitter Deal at $54.20 a Share. Parent comment

Re:Musk Proposes to Proceed with Twitter Deal at $54.20 a Share by asdajksah2123 on Tuesday October 04, 2022 @01:42PM (#33083892)
Then why did he try and back out of the deal?
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Re:Musk Proposes to Proceed with Twitter Deal at $54.20 a Share by o_nate on Tuesday October 04, 2022 @02:42PM (#33084830)
Maybe it was a bluff to try to get a lower price?
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Re:Musk Proposes to Proceed with Twitter Deal at $54.20 a Share by dmix on Wednesday October 05, 2022 @09:24AM (#33095252)
It was always a bluff and a gamble. He clearly always wanted to own Twitter. Then the stock market came down.

The fact his risky gamble at getting the price reduced didn't work is not surprising. Whether or not he's the actual loser here is not clear, a lot of wealthy people own expensive sports teams that lose money but do it anyway because they like it.

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