First Twitter squared up to fight Musk’s bid and then appeared to cave. I would wage that Dorsey thought about it again and figured it would be a great exit strategy.
I heard today that Facebook holders are upset about not having sufficient voting rights. Zuckerberg took the majority of voting rights (58%) when it IPO'ed.
It is like paying the majority for a house, but not having any say in how the house is used.
