Will Elon Musk buy a significant share (>5%) of the New York Times in the next 5 years?
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Verouderd8 apr 22, 02:39 UTC8 apr 27, 04:59 UTC
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KalshiRegels
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.
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