Naturally, the billionaire would not dissuade partners.
Little is said about it, but Elon Musk’s Twitter share buyback deal at the end of October last year also involved other investors who acted as companions to the notorious billionaire. One of them, Ron Baron, in an interview with CNBC explained his determination to invest in Twitter capital precisely by believing in the outstanding qualities of Elon Musk as a leader and marketer. The investor invested $100 million in the deal, and even then Elon Musk assured him that in three years they would double or triple.
Image Source: CNBC
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Ron Baron has a positive record of investing in companies led by Elon Musk. After spending $400 million to buy Tesla shares, he subsequently earned about $5 billion from them. Musk, as Baron explained, is greatly helped by his fame. If someone has to spend $1,000 to advertise a car for sale, then Musk doesn’t have to do it, since he advertises himself via Twitter for free. However, in a conversation with Baron, Elon Musk described the very deal with Twitter as very difficult, and he considered the quality of company management to be extremely low. Compounding the situation was high costs, which he subsequently fought resolutely, after which this month he was able to say that the company is now on its way to break even.
