Twitter investors sue Elon Musk over acquisition shenanigans – TechCrunch
TechCrunchAPR 2022
The Spin
Narrative A
Although the rise in Twitter stock price is positive news, the fact that the increase was only slight is a sign that public markets are still being cautious. General economic headwinds and dramatic turmoil at Twitter – including its board shakeup and its recent $150M settlement over a user-privacy issue – are combining with Musk's unpredictability to keep doubts alive.
Narrative B
Musk is a smart guy; his actions may at times seem unpredictable, but they're usually very calculated. The bot issue is likely just a scapegoat to push for a lower price. Despite the Twitter board's vows to hold Musk to the $44B price, a lot has changed in the past month to lower the price of tech stocks. Musk isn't going to be fooled into overpaying in this deal.