Musk Tweets He’ll Buy Coca-Cola Next
Elon Musk’s dependence on continuous attention shows no signs of abating.
Teslaen (TSLA) – Get Tesla Inc Report The CEO and the world’s richest man sent out another headline-grabbing tweet late Wednesday.
Earlier this week, Musk won a deal from Twitter (TWTR) – Get Twitter, Inc. report the board for him to buy the social media company for $ 44 billion. The deal won the blessing of Twitter co-founder Jack Dorsey.
Since then, Musk has offered a series of controversial tweets, seemingly unable to give up the excitement of being the constant center of attention in large parts of the business and government world.
In particular, he has harped on so-called freedom of expression issues on Twitter, which raises concerns that he may reinstate former President Donald Trump on the platform. Trump was permanently banned from Twitter for fear that he would call for even more violence in the wake of the January 6, 2021[ads1] uprising.
Five people died as a result of the violent attempt by Trump supporters to take over the capital and stop the counting of voting votes, and Trump was nominated for the second time as a result.
Although Musk calls himself an “absolute freedom of expression”, the Supreme Court has ruled that freedom of expression in the constitution does not extend to “shouting” fire in a crowded theater “.
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Old cola?
Not happy, but Musk lobbied another wild idea on Wednesday.
What else should I say about Musk’s latest tweet where he says “Next I buy Coca-Cola to put the cocaine back in.”
Venerable Coca-Cola was once made with cocaine, but the drug was removed from the recipe in the early 1900s, before the drink became a global phenomenon.
Buying Coca-Cola would be a much bigger task for Musk than Twitter, since the market value at the moment is around 288 billion dollars, equivalent to Musk’s entire net worth in a given day.
There is another wrinkle that can also get in the way, since Coca-Cola’s largest single shareholder is Warren Buffett, who owns around 9% of the soda producer through his Berkshire-Hathaway (BRK.A) – Get Berkshire Hathaway Inc. Class A Report (BRK.B) – Get Berkshire Hathaway Inc. Class B Report investment car.
Buffett made his first purchases of Coca-Cola in the wake of the stock market crash in 1987 and has made good money over the years.
Unlike Musk, Buffett generally takes a hands-free approach to any company he buys or has large holdings in.
