A 'waste of dollar capital'? Elon Musk buys Twitter for $44bn

Firm expected to miss numbers this week

Lauren Mason
clock • 3 min read
Streeter said Musk’s reputation as a controversial figure “may prove to be irresistible entertainment” for Twitter users
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Streeter said Musk’s reputation as a controversial figure “may prove to be irresistible entertainment” for Twitter users

Eccentric billionaire Elon Musk has purchased social media platform Twitter for $44bn, or $54.20 per share, in a move that has been described by commentators as a “long-standing soap opera with a twist at the end”.

Yesterday evening (25 April), the Tesla founder's offer to purchase the entirety of the company was accepted by its board, less than four weeks after he purchased a 9.2% stake in the company. On the 10...

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