Matt Levine’s Money Stuff: Elon Musk Is Busy With Twitter

Oh Elon

I don’t know if you noticed, but I have spent much of the last six months writing about how Elon Musk, the world’s richest person, doesn’t really care about his contractual obligations. Musk signed a binding merger agreement to buy Twitter Inc. for $54.20 per share, and then decided he didn’t want to do that anymore, so he sent Twitter a letter saying that the deal was off. Twitter said, no, we have a contract, you can’t just change your mind. Twitter sued, and Musk fought bitterly in court for a while. But Twitter was entirely right and ...