HomeNewsOpinionElon Musk Is Not What Twitter Needs Right Now: Timothy L. O'Brien

Elon Musk Is Not What Twitter Needs Right Now: Timothy L. O'Brien

If Elon Musk is serious about a takeover, he’ll have to sell a chunk of his Tesla shares or get a consortium of big buckaroos with social media interests to chip in.

April 15, 2022 / 14:02 IST
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Bloomberg

Elon Musk wants to buy Twitter Inc. for $43 billion — but he has only about $3 billion in cash on hand. Most of the fortune of the world’s richest man, which adds up to some $259 billion, is tied up in Tesla Inc. and other nifty things.

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So if he’s serious about a takeover — and there is ample reason for skepticism — he’ll have to sell a chunk of his Tesla shares or get a consortium of big buckaroos with social media interests to chip in. Maybe he can enlist the help of Peter Thiel, Marc Andreessen and Donald Trump’s political action committee.

Musk’s Twitter takeover offer is of a piece with his other recent attention-grabbing antics surrounding the social media company: lots of noise but no real substance. He unveiled a big stake in Twitter last week under the guise of being a passive investor. Then he got very active and snagged a board seat. Then he got very, I don’t know, distracted, and stepped away. Now he says he wants the whole megillah.