There's no way Twitter was ever valued anywhere near the $44 billion he bought it for. It goes down as one of the dumbest purchases in history. That cost will never be recouped solely by Twitter. It's not a tech stock like Meta that is pursuing other avenues like AI.
And it tanked my Tesla stock. It's only now beginning to recover. As soon as he announced he was indeed purchasing it it dropped, then him selling shares tanked it.
Imagine being so damned rich you can drop $44 billion on a social media site that will never recoup your cost just because you want more control over its content?
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