Elon Musk Warns Against Doing One Thing in Times of Crisis

Published by
The Street

By Luc Olinga The billionaire went into debt to acquire Twitter but he regrets this decision which put him in a not very enviable financial situation. Elon Musk rarely expresses regret. When he made the offer to buy Twitter for $44 billion on April 25, many pundits believed the Tesla CEO was overpaying for a money-losing platform that lags far behind other social media platforms in terms of advertising revenue and active users. As a result, many were asking him to renegotiate the price of $54.20 per Twitter share he had offered. The calls became more louder when the financial markets began to …

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