Elon Musk on Buying Twitter: Tech Billionaire Says Acquiring Platform Was ‘Crazy Move’ and It Was ‘Way Overpriced’ During Joe Rogan Podcast

Elon Musk explained his move to buy Twitter (now called X) back in 2022. The tech billionaire said, "It's a crazy move, the thing was way overpriced." Musk bought the platform for USD 44 billion back in 2022 and also initiated massive restructuring by laying off 80% of its staff. He said the reason he acquired Twitter, "if I don't do this, I think we're screwed". Elon Musk said that in the long term, X could make a win for investors; however, he said, "boy, this is a hard way to make a living." Elon Musk’s USD 1 Million Giveaway Allowed To Continue As Judge Denies Philadelphia DA’s Request To Block It.

Elon Musk Said Twitter Was Way Overpriced When He Bought in 2022 on Joe Rogan Podcast

Elon Musk: “The reason I did the Twitter acquisition was: if I don't do this, I think we're screwed – It's a crazy move, the thing was way overpriced.

Long term, I think, we can ultimately make it a win for investors, but, boy, this is a hard way to make a living.” pic.twitter.com/mMrGhHCnVv

— ALEX (@ajtourville) November 5, 2024

(The above story first appeared on LatestLY on Nov 05, 2024 08:44 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).