The apparent eagerness among Musk’s contacts to involve themselves in his vision for Twitter, while not exactly surprising, nevertheless suggests “something deeper about the brokenness of this investment ecosystem and the ways that it is driven more by vibes and grievances than due diligence,” Warzel writes [in a piece in
The Atlantic, cited in the article.] It’s not just Musk’s inner circle that apparently haven’t spent much time thinking about the acquisition—Musk’s own texts sometimes
give that impression as well. In an exchange with Parag Agrawal, Twitter’s CEO, Musk moved rapidly from “I’m not joining the board. This is a waste of time” to “Will make an offer to take Twitter private.” A month after he first announced his bid to acquire Twitter, Musk texted with Michael Grimes of Morgan Stanley about doing due diligence, something people typically do
before making a bid.