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.