‘Ceylon Musk could buy Sri Lanka’: Internet after Elon Musk offers $43 billion for Twitter

Tesla chief Elon Musk launched a hostile takeover effort for Twitter

Elon Musk’s offer to purchase Twitter for $43 billion has sparked memes and jokes aplenty, but a section of the Internet was surprised to realise that the whopping sum offered by the world’s richest man could potentially wipe out an entire country’s external debt. Sri Lanka, grappling with its worst economic downturn since independence, faulted on its $51 billion external debt on Tuesday.

The island nation called the move a "last resort" after running out of foreign exchange to import desperately needed goods, news agency AFP reported.

Snapdeal CEO Kunal Bahl was among those who pointed out that Elon Musk’s offer to buy Twitter for $43 billion was at par with Sri Lanka’s debt. “He can buy it and call himself Ceylon Musk,” Bahl quipped.

Elon Musk's Twitter bid - $43 billion
Sri Lanka's debt - $45 billion
He can buy it and call himself Ceylon Musk

H/t Whatsapp

— Kunal Bahl (@1kunalbahl) April 14, 2022

Elon Musk has launched a $43 bln hostile takeover for Twitter. If he adds another $8 bln he could discharge the national debt of Sri Lanka and rename it Ceylon Musk
From WA..

— Shreyasi Goenka (@anvivud) April 15, 2022

can you buy sri lanka instead?

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we could do with $43Bn right about now.

— Masud Zaheed (@masudzaheed) April 14, 2022

Elon Musk is bidding to buy Twitter with $43 billion. Country of Sri Lanka is facing debt of $45 billion to survive. There is something fundamentally wrong with the world.

— Sanjay Macwan (@sanjaymcwan) April 14, 2022

“Elon Musk is bidding to buy Twitter with $43 billion. Country of Sri Lanka is facing debt of $45 billion to survive. There is something fundamentally wrong with the world,” one Twitter user wrote.

Tesla chief Elon Musk launched a hostile takeover effort for Twitter on Thursday, insisting the platform needs to be transformed but acknowledging his $43-billion bid may fail.

The world's richest person offered $54.20 a share, which values the social media firm at some $43 billion, in a filing with the Securities and Exchange Commission made public on Thursday.

(With inputs from AFP)