According to one of the investors involved in Elon Musk’s acquisition of Twitter, the capital invested is expected to increase fivefold. “We believe Twitter will generate returns of four to five times within a few years,” Aliya Capital Partners chief executive Ross Kestin said in a statement Tuesday. The risk is relatively limited.
Kestin referred to Musk’s successes at Tesla and SpaceX. When the auto industry around the world just kept building “the same boring product”, Musk created an industry. “When NASA couldn’t take off with their rockets, this man’s vision took off,” Kestin wrote. “It’s happening again on Twitter.”
Musk did not comment. Questions to Kestin about the current challenges in transforming Twitter initially went unanswered. Miami-based Aliya manages money from wealthy families and contributed $360 million to Tesla CEO’s $44 billion acquisition of Twitter.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
