[andrewdb]

Musk has the burden of proof to show fraud or MAE (material adverse effect).

For fraud, he needs to prove scienter as well as reliance. High bar, and undermined by his own tweets and podcast appearances.

For MAE, it requires Musk to show Twitter caused deep, lasting, permanent damage to the business. It's an even higher bar than the fraud route.

Not looking like Musk is going to succeed, even with this latest termination.

[SilasX]

The trial is supposed to be finished in a week on October. You can by November calls at the $50 strike price for $0.60. So… easy money?

[andrewdb]

yes.