On Monday, May 25, 2022, Elon Musk acquired “in principle” Twitter as his newest business venture after agreeing to pay around $44 million for the powerful social media platform.
Musk plans to remove all censorship from Twitter, which would enable free expression.
Elon still has a lot of room for possible purchases in the near future. With his financial capabilities, he can easily purchase one or two more businesses in the future.
There are still more companies that Elon Musk can afford to acquire, despite the impression that he already has his hands full with Tesla, SpaceX, Neuralink, The Boring Company, and now Twitter.
Here are 5 companies Elon Musk can buy.
Three days after finalising the Twitter deal, Musk was again looking at other businesses. This time, he shared, rather light-heartedly, that his next stop is to purchase Coca-Cola, one of the most recognised brands in the world and which, at the moment, is much more than just a soft drink maker.
His primary motivation for purchasing Coca-Cola, he says, is to reinstate “Coke” in the soft drink. This is in relation to his tweet, “Next I’m buying Coca-Cola to put the cocaine back in,” which he posted on Twitter.
Although some people might find his claim a little contentious, Coca-Cola did initially contain a small amount of cocaine that was gradually lowered and eventually removed.
Elon Musk’s statement may have been a joke, but that doesn’t make it any less plausible. Statista estimated that Coca-Cola was at a value of $87.6 billion in 2021.
The math appears to be to Elon’s advantage when we compare that to his current net worth of $255.8 billion. If he bought it, he would still have more than $100 billion left.
There has been no mystery about Musk’s plans for Tesla or his entry into the ride-sharing industry.
He even went so far as to imply that the Tesla network would look like Airbnb in the ride-sharing industry. And Musk is not someone who has small dreams.
However, the service is not yet available, but instead of starting from scratch, Elon Musk will probably purchase an established ride-sharing company that already has the required infrastructure and some traction.
He might choose lesser firms, but he could undoubtedly afford Uber, which has a market cap of $46.47 billion. If he desires a bigger customer base, he could still go for it.
3. Ford Motors
Ford’s first-quarter loss of $3.1 billion was mostly caused by a decline in the value of its investment in an electric vehicle startup.
Musk could simply purchase the company for its current market cap of $46.63 billion and still have enough cash left.
Clubhouse is a platform that accepts users solely by invitation. This app enables users to audio chat with each other about subjects including sports, cryptocurrency trading, and more.
Basically, you may look for topics that interest you and join the chat rooms for those topics.
Elon Musk will be interested in the Clubhouse because he uses it, as with many other CEOs, and because he has made free expression on all social media platforms a top priority.
If you’ve been paying attention to Elon Musk’s online tirades, you are surely aware of his ongoing dispute with Bill Gates, a fellow billionaire and former world’s richest person.
The situation has become so bad that Musk has accused Gates of shorting Tesla stock, which is essentially betting on a company’s demise. In the past, he has also tweeted derogatory remarks against Gates.
Now that Bill Gates no longer owns the majority of Microsoft shares, it wouldn’t be a huge surprise if Elon Musk opted to purchase a sizable part of the company, even if his fortune is far from what he would need to purchase Microsoft.
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