Elon Musk plans to buy
for $44 billion, the original price he agreed to back in April. The world’s richest man is likely wishing he waited a few months to sign the contract.
When Musk, the co-founder and CEO of
(ticker: TSLA), proposed buying
for that $54.20 price, some observers wondered if Twitter would even accept the offer. Twitter stock traded at $39 on April 1, the Friday before Musk disclosed a stake in the social media firm, but shares had traded as high as $68 in October 2021.