Eccentric billionaire Elon Musk – founder of electric car maker Tesla and aerospace manufacturer SpaceX, considered a visionary by many – has already for years been using Twitter as his personal playground. His short, sometimes seemingly innocuous and even meaningless tweets to his 86 million-plus followers, have sent prices of various stocks and cryptocurrencies swinging on many occasions.
For instance, just putting up a picture of his pet dog, a Shiba Inu puppy, sent soaring the price of a crypto token of the same name. And any time he said anything about Tesla accepting, or not accepting, bitcoin as payment, the price of both the company’s stock and the crypto would go on a bit of a rollercoaster ride.
But despite the power he wields on the platform, he wasn’t content with Twitter and clearly believes it has a lot more potential – that’s why he has decided to buy it for some $44 billion (not a bad deal for someone whose net worth is estimated to be $260 billion.)