Elon Musk is offering the generous opportunity to invest in Twitter at $54.20

Illustration of Elon Musk standing with a purple background covered in yellow stars.
I’m not owned! I’m not owned! | Illustration by Laura Normand / The Verge

Lately, I’ve been thinking a lot about that time when Elon Musk bought a McLaren F1 for $1 million and then immediately drove it into a ditch while trying to show off to Peter Thiel. “You know, I had read all those stories about people who made money and bought sports cars and crashed them,” Musk said to Thiel, according to Max Chafkin’s The Contrarian. “But I knew it could never happen to me, so I didn’t get any insurance.”

Anyway, according to Semafor, Musk is trying to get more investors for Twitter at the original $54.20 per share price he bought the company at before he frightened away advertisers and banned a bunch of journalists.

About that price — remember how Musk decided actually buying Twitter...

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from The Verge - All Posts https://www.theverge.com/2022/12/16/23513407/elon-musk-equity-investment-sucker-born-every-minute

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