[minsc_and_boo]

The Twitter offer came before the stock market drop, making it both a low-ball offer and making the Twitter board smart to call his bluff.

Musk only needs to pay the $1B breakup fee if he can't procure enough financing, among other strings. Musk has definitely has enough financing, he just doesn't want to pay it, so he's trying to weasel out of it by laying the ground work for a settlement to walk away.

Either way, Twitter's board is getting Musk's money, either selling at a now-premium or settling for wanting to break, due to Musk's errors.