Fox News
Twitter CEO Elon Musk said in an interview that aired Monday that it’s still to be determined whether his acquisition of the social media company last year was “financially smart” given its subsequent drop in value, but maintained that “some things are priceless.”
Speaking to Fox News host Tucker Carlson, who heralded the SpaceX founder’s $44 billion purchase of Twitter last October as a win for free speech, Musk acknowledged his recent $20 billion valuation of the site.
“It remains to be seen as to whether this was financially smart,” Musk said when asked if he thought it was worth the buy. “Currently, it is not. We just revalued the company at less than half of the acquisition price.”