This week’s big news was that the Musk/Twitter deal is now back on. Here’s my unsolicited thoughts on the main questions people are asking.
Is this deal happening?
I remain very skeptical. I suspect we are in for numerous twists and turns before any deal closes. My guess is that being friendlier to Twitter will make it easier for Musk’s teams to find a material problem that either kills the deal or reduces the price.
What suddenly changed Musk’s mind?
Some have speculated that some terrible details were about to be revealed in discovery, so Musk was forced to cave. I think more of the theory that the judge in the case did not seem interested in Musk’s legal arguments, so there wasn’t much point in continuing to try this avenue with that judge.
How is this affecting Twitter?
According to a few sources, the internal rollercoaster is causing both staff turnover and HR issues. I imagine there are many more departures to come too, regardless of the outcome here. In fact, it may require a new CEO with Musk-level magnetism to plug the gaps this episode has created. But we are finally getting an edit button.
