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@augustus I don't think it's going to happen, but rejecting the offer will hurt Twitter a lot. Some of the funds are going to have lawsuits up their asses, and just the possibility of it is making the mainstream media pump out some completely batshit insane articles that even the normiest of normies is going to find perplexing (the "free speech is the best ally of tyrants" bit is extremely egregious).
Musk can then swoop in with his alternative. And before you dismiss it as Gab or Truth.social 2.0, remember Musk's specialty is turning "impossible businesses" into success stories.