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Wall Street predicts Elon’s exit collateral damage. Plus: Is Netflix’s true EBITDA $20 billion, or adjusted to $6.5 billion? The company won’t say—which may be one reason Wall Street isn’t buying.
A longtime Wall Street banker friend wrote to me on Friday night, after the news that Elon Musk had finally pulled the plug on his $44 billion all-cash deal to buy Twitter, to express his distaste for the whole 10-week spectacle. “This is like watching a train wreck in slow motion,” he wrote. “What a clown.”
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