Matt Levine’s Money Stuff: Elon Has a New Bot Excuse

This again

No, come on, stop it. Six weeks ago, Elon Musk signed a merger agreement in which he made a legally binding promise to buy Twitter Inc. for $54.20 per share. A few weeks later, he decided he didn’t want to pay $54.20 per share anymore, perhaps because he had grown bored of Twitter, or perhaps because the prices of social-media stocks, and of Musk’s company Tesla Inc., had fallen, and $54.20 looked pretty expensive.

The merger agreement does not, however, allow Musk to walk away because he changed his mind. He needed some pretext for walking away. He came up with ...