Musk Finally Buys Twitter?

Good morning…

First things first…I watch almost all the Netflix comedy specials as they show up in my feed.  Most suck.  But, Hasan Minhaj’s special was incredible.  So good that my ambien had no effect on me for the hour plus.  It is a must watch of hilarious and unique storytelling and mixed media delivery.  The best standup special and comedian since Chapelle.

Onwards…

Back in April I blogged about Elon Musk buying Twitter so no need to repeat what I think about the idea and why I thought he did it.

A lot of drama ensued.

His lawyers now say he is ready to close.

I will assume the lawyers and Elon are serious this time though that is a generous stretch.

Assuming he closes in the next few weeks, what next?

He promises to keep it private, but based on all the people that texted him and promised to invest, he will have to figure out a way to pay them back so I imagine an IPO in the future.

Last year, I would have said Elon is getting a deal at this deal price.

Today, I am not so sure.

I do feel Twitter is priceless (to the right buyer and as a private company) but overvalued as a public company.

Until the courts started handing the Musk legal team losses in his Twitter ‘backout’ dance, Elon was above the law.

I assume Elon believes he is above the law and that is something a lot of his fans love about Elon.

Elon could easily run the best hedge fund in the world off just a slice of Twitter’s data…insider trading rules are for the regular people. I can’t imagine why as a private company he won’t.

I am looking forward to seeing what he does and shared (for the umpteenth time) some of my ideas on Twitter.