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It would be simple for them to say 'this is not a serious offer' no matter the premium that is a good faith way of rejecting it.

I could offer them $150 a share tomorrow, contingent on financing and would get laughed out of the room.

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You're not the richest man in the world. It works different if you happen to be though.

Of course it does, but we also have no idea what happened behind the scenes and the board does. He turned down joining the board last week basically because he could act like a troll if he did (I’m being facetious). Calling musk the richest man in the world is also kind of silly because he’s not offering to stock swap for Tesla shares…he has a lot of theoretical wealth, which as with many factors would play in the boards decision about whether this is serious.

My point is that the number on the offer is not an objective and singular measure of whether this is a good deal for Twitter. Who is making the offer clearly matters as well to how serious it is.

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