And I was wrong! I didn't imagine that he would be willing to spend $44 billion on a $12 billion company. Who knew? The funniest part was when the Twitter CEO kept Musk from backing out of the deal, thereby enriching all of the stockholders, and then of course Musk had to fire him. The stockholders ought to build a statue of that CEO.
Twitter has almost always lost money, and now they'll have an additional billion dollars a year to spend on interest on their loan. And no, Elon doesn't have the cash to put into it; he would have to sell his stock in Tesla to bail it out, depressing Tesla stock prices and putting his control of Tesla at risk.
And so far, General Motors has suspended all advertising on Twitter, with maybe more to come. Why? Because advertisers don't want their ads sitting next to people tweeting racial slurs and Russian disinformation. But enough about Trump.
Also, it will be fun when China demands that Twitter block tweets from their dissidents. It's either do that, Elon, or China won't be nice to Tesla. So Elon, if you're a "free speech absolutist," prove it!
Spoiler alert: Yes, Twitter will be moderating and censoring and blocking some content, or they won't survive. And won't the fanboys be disappointed.