As we mused back in April in The Musk Stops Here, Elon Musk has not followed through on his promise to buy Twitter. Three months later, Musk has rescinded his purchase offer for the agreed upon $44 billion. Musk and Twitter are gearing up for a colossal legal battle in the Chancery Court of Delaware.
What happened? Can Elon just change his mind like a pair of socks? What about the fallout for shareholders of Twitter and Tesla?