Very fascinating story today as I was reading how Elon Musk has put in a bid to buyout Twitter for $43 billion. It would appear he would have big plans for it and would opt to make the company private by the looks of it. What was interesting is how apparently this news made the stocks of Twitter go up while his other company Tesla dropped.
Apparently, the reason for this was that investors were worried that if he made such a big purchase that would mean he would devote a lot of time to the business. As a result, the concern is he either wouldn’t be focused on his electric car business enough or worst he will just shift all his attention to Twitter instead and let other people run Tesla.
That would kind of even outs his gains in the stocks in many ways. At the same time, it does raise a question where can one truly run that many big-name businesses at once without severely affecting another? Only time will tell of course.