After acquiring Twitter for $44 billion, Elon Musk is now willing to buy another company:- Elon Musk currently owns about six companies. The latest company acquired by the billionaire is the microblogging site, Twitter.
Musk bought Twitter in October this year for $44 billion and since then has made a number of tough changes with the aim of building a profitable business or what he likes to call – Twitter 2.0.
While Musk is still in the process of rebuilding Twitter, he has expressed his desire to buy another US-based company and this time to take on corporate media.
In his latest reply to a Twitter user, Wall Street Silver, Musk said he is open to the idea of buying Substack, a US-based online platform that provides publishing, analytics, payment, and design infrastructure to support subscription newsletters.
Founded in 2017, the online platform allows authors to send digital newsletters directly to subscribers.
The idea came to Musk after a Twitter user asked if it would make sense for Twitter to acquire Substake and more tightly connect the two platforms.
To this Musk said, “I’m open to the idea.” “Twitter plus Substack creates instant massive competition for obsolete legacy corporate media,” posted a Twitter user.
In 2017, Substack was founded by Chris Best, Jairaj Sethi, and Hamish McKenzie. The US Online platform provides publishing, payment, analytics, and design infrastructure to support subscription newsletters.
Now, the chances of Musk buying Substack aren’t quite as high as he just bought Twitter for $44 billion. Musk currently owns around 6 companies, including – Tesla, SpaceX, The Boring Company, Neuralink, Twitter, and OpenAI.
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