Elon Musk’s habit to steady consideration exhibits no indicators of slowing down.
The Tesla (TSLA) – Get Tesla Inc Report CEO and the world’s richest man despatched out one other headline-grabbing tweet late Wednesday.
Earlier this week, Musk received an settlement from Twitter’s (TWTR) – Get Twitter, Inc. Report board for him to purchase the social media firm for $44 billion. The deal received the blessing of Twitter co-founder Jack Dorsey.
Since then, Musk has supplied a sequence of controversial tweets, seemingly unable to surrender the fun of being the fixed focal point of a lot of the enterprise and governmental worlds.
In specific, he’s harped on so-called freedom of speech issues at Twitter, elevating issues that he may reinstate former president Donald Trump on the platform. Trump was completely banned from Twitter for fears he would incite much more violence within the wake of the Jan. 6, 2021 rebellion.
Five individuals died because of the violent try by Trump supporters to take over the capital and cease the counting of the electoral votes and Trump was impeached for a second time because of this.
Though Musk calls himself a “free speech absolutist,” the Supreme Court has dominated that freedom of speech protections within the structure don’t lengthen to “yelling ‘fire’ in a crowded theater.”
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Old Coke?
Not content material, nevertheless, Musk lobbed out one other wild thought Wednesday.
What else to make of Musk’s newest tweet by which he says “Next I’m buying Coca-Cola to put the cocaine back in.”
Venerable Coca-Cola was as soon as made utilizing cocaine, however the drug was faraway from the recipe in the beginning of the twentieth century, earlier than the drink turned a world phenomenon.
Acquiring Coca-Cola can be a a lot larger process for Musk than Twitter, as its market capitalization is at the moment about $288 billion, equal to Musk’s complete web price on any given day.
There’s one other wrinkle that might get in the best way as nicely, since Coca-Cola’s largest single shareholder is Warren Buffett, who holds about 9% of the delicate drink maker by his Berkshire-Hathaway (BRK.A) – Get Berkshire Hathaway Inc. Class A Report (BRK.B) – Get Berkshire Hathaway Inc. Class B Report funding car.
Buffett made his first purchases of Coca-Cola within the wake of the 1987 inventory market crash and has profited handsomely over time.
Unlike Musk, Buffett usually takes a fingers off strategy to any firms he buys or holds massive stakes in.