Following the $44 billion acquisition of Twitter, Elon Musk, the world's richest man, is suspected of targeting a "new target" – the US consumer goods giant Coca-Cola Company. As soon as this "new goal" was issued, it aroused netizens to "reason" and question one after another, and rushed to the hot search.
On April 28, Musk tweeted, "Next I'm going to buy Coca-Cola and reintroduce cocaine." As soon as the tweet was posted, it caused heated discussion among netizens. It is reported that when Coca-Cola was invented, cocaine was legal. It wasn't until 1929 that people learned about the dangers of cocaine and removed it from Coca-Cola's recipe.
Currently, Musk has more than 86 million followers on Twitter.
It is reported that as a super consumer goods giant, Coca-Cola's market value reached $284.202 billion, although it is not as good as Tesla ($911.047 billion), which ranks sixth in the world in terms of market capitalization and the first in the market value of car companies, but it is also the top 40 in the global market capitalization and the world's largest beverage company. Netizens have said that Musk's appetite is really getting bigger and bigger, can he swallow it this time?
It is worth noting that "stock god" Warren Buffett is a long-time fan of Coca-Cola and has been firmly holding it since Buffett bought it in 1988. As of the end of last year, Warren Buffett's company, Berkshire Hathaway, as the largest shareholder, held a 9.23% stake in Coca-Cola.
Interestingly, Buffett and Musk have been "not pleasing to each other" for a long time. Musk has teased Buffett's work as "boring", and Buffett has tactfully hit back that Musk as CEO "still has room to rise". Can the collision of old and new ideas between traditional value investors and emerging industry disruptors make Musk's acquisition intention finally successful?
Previously, on April 25, local time, the social media platform Twitter accepted Musk's acquisition agreement. Under the deal, Musk will buy Twitter for $54.20 per share, totaling about $44 billion. The deal, which has received unanimous approval from Twitter's board of directors but still requires shareholder and regulatory approvals, is expected to close in 2022. Upon completion of the transaction, Twitter will become a privately held company.
Musk tweeted on the day he received board approval that he hoped the company would continue to provide a platform for people to express their dissenting opinions. In addition, Musk also said that he hopes to make Twitter's algorithm public to clarify the specific logic of content recommendation and blocking.
As for the whereabouts of former US President Trump's relevant accounts, as of now, Musk has not publicly expressed whether he will restore former President Trump's Twitter accounts after the acquisition of Twitter. Trump, however, said that even if the Twitter account is restored, it will not use the platform. After the Capitol Hill riots on January 6, 2021, Twitter immediately banned Trump's account.
The acquisition of Twitter does not seem to satisfy Tesla's shareholders. After Musk officially entered The Twitter, Tesla's stock price fell for two consecutive days, and on the 26th, it fell by 12%, and the market value instantly evaporated by $126 billion, which is almost equivalent to 3 Tweets.
The previous acquisition, has been the market with the foot vote to make evaluation and choice, this time the whale mouth opened and targeted the world's first beverage company, resistance, obstacles, and even value conflicts, are all in sight, then the magical "Iron Man" this time is the real knife and real gun continue to ride the wind and waves to succeed again, or is it just his "mouth hi"?
Synthesized from CCTV, Xinhuanet, netizen comments
Image source: Oriental IC, Flush APP screenshot