He bought it because he got caught red handed trying to commit securities fraud and if he didn't make good on his offer, the SEC would've at the very least kicked him out of the markets, if not put in prison.
He is now trying to destroy it faster than it will destroy him. Social media is too expensive to run without a carousel of new investors. He can't get any since he took it private. He can't pull the plug on it or his existing investors will crucify him, they're just biding their time on a lawsuit already.
He over played his hand and he is suffering consequences for it. This doesn't make him smart, mind you. He's just scrambling to cover his ass from a blatantly poor and criminal decision.
KyoStarr
Jaysyn
FreeBooteR69
Calcharger