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this post was submitted on 04 Aug 2023
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Asklemmy
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Elon acquiring Twitter for $44B in the first place, not taking into account the subsequent blunders. He not only overpaid too much for a social media company without even understanding it, he also wrecked Tesla's stock price as investors saw he was clearly spending too much time on Twitter and he had to panic sell Tesla shares to fund his Twitter adventure. He easily wiped out hundreds of billions from Tesla's market cap during that time.
It’s too early to take any considerations on that purchase.
It's been almost a year.