Well from what I saw this morning he put the deal on hold. My gut being on the web for decades <fuck im old> and owning more than a couple sites… He probably had his legal and tech team doing due diligence and they came back and told him something is not correct for “true users <vs> bot and fake accounts” If they found the numbers of real users was much lower that Twitter claims then, he could have been overpaying.
Here is a brief on it, Adds and such are based off Thousands, Hundred Thousand and Million users. If Twitter says it has 400 Million users but his team found out there was say 10% accounts of deceased persons, 20% of inactive users, 20% bots then its true number is only 200million so its value is not 43Billion dollars but maybe only 20 billion.
Now if this is why the sale is on hold (due diligence) forensic audit, and it comes back showing that, then the Lawsuits for fraud toward twitter could devalue it even more, and would have to be settled up before Elon Took over. Which means it could bring its value down to maybe even 10billion.
If he see’s to much for him to buy it, He will have succeeded in showing massive fraud by twitter. Effectively destroying the company. Think of the ramifications for other platforms then.