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Elon Musk knew he made a bad bet on Twitter. He was right.

Friday is the one-year anniversary of Elon Musk's $44 billion takeover of Twitter, which he subsequently renamed X.

The big picture: Musk gets to benefit from the long-term nature of private equity. Which is good for him because, in the short term, this deal has been a steaming pile of blue bird poop.

Lemmylaugh , 8 months ago

All according to plan.

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bradorsomething , 8 months ago

Twitter is just a shower of babble.

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MagicShel , 8 months ago

Fortunately, private equity allows him to follow in the footsteps of MySpace and Yahoo and return to relevance. Some day.

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