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Yes, I think it’s also a bit of “shock and awe” to soften up the Twitter employee base so that if he still acquires it, he can more easily impose his will on a decimated and demoralized company. Or if he manages to decimate and demoralize them enough in advance, maybe he can get away with renegotiating the purchase price.
I thought the same exact thing when I saw the headline. Sometimes I hate the concept of a stock market