Matt Levine’s Money Stuff: Elon Musk Got His Deal for Twitter

So, Elon

I guess it is worth saying that Elon Musk does not own Twitter Inc. He did not buy Twitter Inc. yesterday for $54.20 per share in cash. He did sign an agreement yesterday to buy Twitter for $54.20 in cash. That is a big step! It means that he probably will end up owning Twitter within a few months or so. (The deal “is expected to close in 2022”; it might take up to six months.) But he does not own it yet.

So, for instance, he cannot change anything about Twitter yet; he can’t change moderation ...