Elon buys almost 10% of Twitter

On Saturday night, I met up with some old buddies from college. We were fairly close but largely lost touch after graduating and had only seen them a handful of times in select occasions over the last 10 years. They were in San Francisco for the weekend so we all watched college basketball on Saturday and hung out for the night.

It was amazing seeing them and catching up on life. One thing is evident in our conversations - we’re growing old, quick. Our conversations ranged from drinking less to having children. It was funny to contrast to our last conversation 10 years ago.

On another note - the market news this morning is that Elon Musk just purchased almost a 10% stake in Twitter. As a former Twitter bagholder, I truly am jealous that I sold out and didn’t hold on. It would’ve been fun to see this happen after holding for almost 4 years with no real movement in the stock price.

It would also be fascinating to be able to just wake up and say, screw it - I’m going to buy a significant stake in one of the largest social media platforms in the world. Elon started tweeting about free speech on Twitter last week and at some point, I suppose he decided he’d like to buy a stake and ensure that free speech is maintained.

I’m not sure what will come out of this. I’ll probably buy some Twitter at some point when the price dips again. I’ve always felt that Twitter was untapped potential and just needed the right leadership to make things work. We’ll see if Twitter can benefit from having Elon involved to some degree.