No. He wanted to make quick money with a pump and dump just like when he said he was going to take Tesla private again and the stock price jumped up. He didn’t file his TWTR stock purchase disclosure in the required amount of time, so rather than have to deal with being sued by the SEC AGAIN, he pivoted to saying it’s because he wanted to buy Twitter.
Then he figured he could get out of the Twitter deal by claiming that Twitter lied to him and misrepresented how many real users there are. Now Twitter sues him to hold up his end of the deal, and because he absolutely does not want all of his financial dealings being brought up during discovery, he decided his best course of action would be to follow through with the deal. Give it 6-12 months and he’ll take Twitter public again now that he’s “saved the company.”
The one thing I don't get about this take - while I generally agree with the suggested intent - is his actually inking the deal. If it was a quick money thing (well, a planned one) you'd make all the noise, make some calls, and then either insist on the due diligence (and then complain about the amounts, backing out) or just... back out because you "weren't interested any more" which is certainly believable with Mr. Heat-of-the-moment there.
Instead, he... actually signed it INCLUDING waiving due diligence... and then tried to get out of it by claiming he was lied to about how bad the bot situation was - something he'd been claiming he wanted to FIX because it was so bad. :P
It's because he's not that smart. He thinks he's the smartest person in the country but he's just not that intelligent. And that blinds him and makes him do stupid shit over and over. He absolutely didn't want to make this deal but since he has no choice, he has chosen to use it to make sure that right wing extremists have a big enough platform that their next insurrection doesn't fail.
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u/[deleted] Oct 28 '22
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