Elon's offer must now reflect what the company is really worth. What's worse is that if Elon backs out because he proved to the SEC that Twitter lied about its user base by a factor of 10, shareholders are going to sue and rip open new assholes to the board of directors. Twitter is an absolute house of cards. This isn't going to end well and Wall Street already has a ton of shorts in place.
Twitter is fucked. No way around it. Elon now has access to back-end analytical data proving without a shadow of a doubt that fake, bot and spam accounts make up more than 50% of all accounts which exceed what CEO Parag Agrawal claimed was only 5%.