- cross-posted to:
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- cross-posted to:
- [email protected]
Friday is the one-year anniversary of Elon Musk’s $44 billion takeover of Twitter, which he subsequently renamed X.
The big picture: Musk gets to benefit from the long-term nature of private equity. Which is good for him because, in the short term, this deal has been a steaming pile of blue bird poop.
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All according to plan.
Fortunately, private equity allows him to follow in the footsteps of MySpace and Yahoo and return to relevance. Some day.
Twitter is just a shower of babble.
