[donarb]

But for Musk's machinations, said stock price would not be down 40%. He caused the stock to drop.

[CogitoCogito]

I guess if public investors 100% believed Musk would pay, the stock should sit at $44 billion. I guess if Musk is forced to close or to pay equivalent damages, the value will jump back to that in the end.

[harambae]

Exactly. Plenty of people willing to profit off the arbitrage if he's actually going to be forced to buy twitter at the original amount.

The current price ($32) reflects be probably won't.

[jimmydorry]

I'd say the tech sector getting routed played a bigger part. It's not like Twitter dropping 40% (for any reason) is exceptional amonst all the other stocks that dropped 20-60% over the last year.