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Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over
(markets.businessinsider.com)
This is a most excellent place for technology news and articles.
I don’t think it was even that. He was so 100% going to lose the fight to not buy Twitter that even for someone with his resources it wasn’t worth fighting. He made a weak attempt to embarrass Twitter into backing out due to public opinion, but didn’t really have any options after that. He just fucked up that magnificently with the initial contract.