Where we last left the Twitter saga, our reluctant hero Elon Musk had essentially made the difficult decision that he’d be better off forking over another $20 billion of his own cash rather than continue to fight Twitter in court and still end up paying a fine in the billions of dollars—perhaps double-digit billions—and have only a bunch of lawsuits to show for it. Let’s face it, Elon is past the point of good choices, while his banks, led by Morgan Stanley and Bank of America, are presumably rueing the day they ever got involved in this disaster of a deal. His co-investors, who back in May agreed to pony up some $7.1 billion, can’t be happy either. Sure, Larry Ellison is probably rich enough not to care if he loses his $1 billion. But Marc Andreessen, at a16z, is a fiduciary for his investors and is on the hook for $400 million. He needs to care.
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