#TRENDING NOW: / [Elon Musk] ‘Myself And Other Investors Are Obviously Overpaying For Twitter Right Now’ But identifies ‘Incredible Potential’

On April 14, 2022, business magnate Elon Musk offered to purchase American social media company Twitter, Inc., for $43 billion, after previously acquiring 9.1 percent of the company’s stock for $2.64 billion and becoming its largest shareholder. – Wikipedia

“Although, obviously, myself and the other investors are obviously overpaying for Twitter right now, the long-term potential for Twitter in my view is an order of magnitude greater than its current value,” the billionaire Space X and Tesla founder said after the companies quarterly results.

He referenced twitter as something ‘that has sort of languished for a long time.’

“I am excited about the Twitter situation,” he said.