Well that was weird. On Tuesday I wrote a column saying it was unlikely that Elon Musk will buy Twitter Inc. On Wednesday I left on a family vacation. On Thursday, for my sins, Elon Musk announced an offer to buy Twitter for $54.20 per share in cash. 420 is a weed joke.
I suppose this increased the probability that Elon Musk will buy Twitter? By a little? Yesterday Twitter’s stock managed to close down 1.7%, at $45.08, suggesting that the market puts a somewhat lower probability on Musk buying Twitter after he formally proposed to buy Twitter than it did before.
