New York Times: Musk’s Damaged Goods

New York Times: Musk’s Damaged Goods. “Twitter has operated at a loss for seven of the nine years it has been a public company. It received no rival offers while Musk was trying to buy it. Its board determined that Musk’s offer of $54.20 a share was the best it could obtain, suggesting it saw no way to reach that price on its own. And since Twitter accepted Musk’s offer, its stock has lost over a third of its value.”

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