Will Elon Musk buy a significant share (>5%) of the New York Times in the next 5 years?
Politics•Elon musk
17
10
Ṁ181
2027
8%
chance
Consider the following: Elon Musk has a net worth of $219B [1] Jeff Bezos has a net worth of $171B [1] Twitter has a market cap of $40 B [2] New York Times Co has a market cap of of $7.58 B [3] Bezos Purchased the Washington Post for $250 M [4] Musk purchased 9% of twitter for $2.89 B [5] It is therefore not completely out of the question that a chaos agent like Elon Musk might attempt to purchase some sizeable portion of the New York Times Co. If he spent the same amount on NYTCo as he did on his 9% of twitter, my napkin math gives him over a third of the company. So how likely is this to happen in the next five years? [1] https://www.forbes.com/billionaires/ [2] https://www.google.com/finance/quote/TWTR:NYSE?sa=X&ved=2ahUKEwjT17PTtoP3AhVermoFHe1sCe0Q3ecFegQIKhAg [3] https://www.cnbc.com/quotes/NYT [4] https://www.washingtonpost.com/business/economy/details-of-bezos-deal-to-buy-washington-post/2013/08/05/968a2bc4-fe1b-11e2-9711-3708310f6f4d_story.html [5] https://www.barrons.com/articles/musk-stake-twitter-active-51649234303 Apr 7, 9:39pm: To be clear I'm not trying to bring this about or trying to give the man any ideas. I'm just genuinely curious how likely anyone thinks it is. Apr 7, 9:40pm: #ElonMusk #Twitter #NyTimes #News #Internet #GoofingAround
Get Ṁ200 play money
1 Comment
12 Holders
171 Trades
Sort by:
bought Ṁ1 of YES
Relevant info: https://twitter.com/ctbeiser/status/1512263108491890709

Related in Politics

See more Politics questions

Related in Elon musk

See more Elon musk questions

More related questions