At the head of a media empire, Amouranth is one of the most popular streamers on the web. Its streams exceed tens of thousands of viewers daily, while its subscriber count continues to peak at peaks. A businesswoman, she goes on to invest, and has not failed to side with Elon Musk with respect to the takeover of Twitter on the stock market.
logical reasons
This week, Elon Musk surprised everyone by acquiring 9.2% of Twitter shares for more than $3 billion. The boss of Tesla and SpaceX had, in the past, announced his intention to create a competitor to Twitter. A complicated, heavy and above all expensive task which surely put off the South African businessman. To continue on this line without breaking the bank, Musk has therefore decided to become the main shareholder of Twitter. A decision that allows him to sit on the board of directors, where he can directly influence the guideline of the social network.
A decision commented recently by Kaitlyn “Amouranth” Siragusa. Streamer for more than a decade, Amouranth has been able to expand on the OnlyFans side while multiplying investments, both on the stock market side and on the stone side. Intelligent management of his assets which should allow him to open a large animal shelter in the years to come. An ultimate goal that requires time and above all, funds.
And following the acquisition of 9.2% of the shares of Twitter by Elon Musk, Amouranth took to Twitter to comment on this investment. Through a series of tweets, she returns to the reasons that prompted one of the richest men in the world to invest in the social network.
Ellen didn’t try to build, he bought because he knows the replacement cost for $TWTR far exceeds its price I’m the open market
It would cost more to replicate the ecosystem + network effects
April 5, 2022
“Twitter’s usefulness as a platform far exceeds its market value. The problem is that Twitter’s cash flow, product innovation, and monetization efforts have been very disappointing.
Facebook would buy it if it weren’t prohibited by competition law. Mark literally called it a gold mine.
Elon didn’t try to build, he bought because he knows the cost of replacing Twitter far exceeds its open market price.
It would be more expensive to replicate the ecosystem + network effects.”
Shortly after Elon Musk’s investment, Twitter revealed they are working on adding a tweet edit option. A particularly expected feature that still raises some questions. Still in development, this editing option could arrive in the coming months, although Twitter has yet to clarify the issues this new feature would pose.
