Hasan Chowdhury
Critics said Musk 'overpaid' for Twitter. Thanks to Trump and xAI, it could actually be a steal.
When Elon Musk bought Twitter for $44 billion, it was panned as one of the worst tech acquisitions in history. Two years, an election, and a generative-AI boom later, it's starting to look like more of a bargain. Shortly after the deal closed in October 2022, the Wedbush Securities tech analyst Dan Ives said it would "go down as one of the most overpaid tech acquisitions in the history of M&A deals on the Street." Yet the deal has provided significant benefits for Musk.