I thought too that the breakup fee was something like a billion dollars if he does not go through with deal.
Twitter wants him to buy the whole overpriced garbage platform at $54.20 a share. Its trading at $40 a share. But what is a $10bn or so difference to a guy like Elon.
Now imagine being Elon's friend and also a hedge fund manager. You pick up 100m Tesla shares at around $40 over next few months. Then tell Elon to just pay the $54.20 a share he agreed too. That's a clear risk free $1.42 billion dollars in capital gains you made
. And if done in a country with no CGT tax free also...madness.
I just would not be surprised if people around him profit from situation if he has to pay the $54.20 a share anyway. It's the American way right?