Twitter’s stock has been tanking because the platform has no credibility,. The Board of Directors of Twitter are clearly not working for the betterment of the company and the stockholders. They are in it to push marxist ideology and manipulate elections. This flouting of their fiduciary responsibility is not lawful and will get them sued.
It seems that Elon Musk has them trapped. Either do what is best for the company and accept his more than generous offer which will make the stock holders a sizable profit, or turn down the offer and get sued by it’s stock holders for passing on a boatload of money.