Elon Musk, the billionaire entrepreneur and Tesla CEO who recently purchased Twitter for $44 billion, is trying to expand his empire, which currently includes Tesla, SpaceX, The Boring Company, and now Twitter.
Elon Musk, the billionaire businessman and Tesla CEO who bought recently Twitter for $44 billion, is aiming to grow his empire, which includes Tesla, SpaceX, The Boring Company, and now Twitter. Musk recently stated in a tweet that he wants to acquire Coca-Cola to “put the cocaine back in.”
For people wondering if this is indeed his plan — it is better to take it with a pinch of salt. For now.
The market capitalization (m-cap) of the Georgia-based soft drink corporation is presently $284.20 billion. The company’s revenues increased in the most recent quarter as demand remained strong, balancing growing input prices.
1, excluding currency fluctuations and acquisitions or divestitures, thanks to a 7% increase in price hikes and goods sold. Despite a 17% increase in cost of goods, Coca-operating Cola’s income increased by 25% year on year to $3.41 billion, according to the Wall Street Journal.
It also noted that the company’s suspension of operations in Russia as a result of the Ukraine conflict will reduce full-year adjusted profits by 4 cents per share.
Meanwhile, Musk provided a picture of an old tweet in which he stated that he plans to acquire McDonald’s and repair all of their ice cream equipment. “Listen, I can’t do miracles, okay?” he wrote with the screenshot.
The acquisition of Twitter by a South African-born entrepreneur for $44 billion, or $54.20 per share, has been in the news for the past week. The corporation employs around 99,000 people and has a market capitalization of $1.031 trillion.
With Musk’s acquisition of the platform, a few adjustments are likely. These include an edit button, lengthier tweets, the removal of spam bots, not imposing permanent bans on users, and open sourcing the algorithm so users can see what is going on with their account.