Musk's 'Divine Stroke'! Twitter Investors' Comeback from Hell to Heaven
When Musk acquired Twitter, he faced a lack of funds, leading him to bring in multiple co-investors. However, Twitter subsequently suffered a sharp decline in revenue due to advertiser boycotts, and its valuation plummeted, resulting in significant losses for the investors. Although they did not voice their grievances, they must have felt quite bitter inside.
Nevertheless, Musk's miraculous maneuver showcased his vision and successfully turned the situation around. When he founded the artificial intelligence company xAI last year, he allocated 25% of xAI shares as a gift to all the investors who supported the Twitter acquisition, and those shares were not diluted in subsequent funding rounds.
Now, with xAI's valuation soaring past 50 billion dollars, even exceeding Twitter's initial transaction price, all the contributors to the Twitter acquisition have instantly turned their losses into gains, reaping substantial returns.
Musk is indeed generous to his supporters, never shortchanging his brothers. The FT interviewed an investor who was overjoyed by this unexpected wealth; his words were somewhat flattering but also genuinely honest: there are rarely ironclad rules in the tech industry that withstand the test of time, but if there is one, it is that one should never bet against Musk.
Musk also likes puppies, which can be a hidden advantage
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