Elon Musk says bad timing is to blame for Twitter’s advertisers plummeting after he took over
Musk: “We just revalued the company at less than half of the acquisition price”
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From the April 17, 2023, edition of Fox News' Tucker Carlson Tonight
TUCKER CARLSON (HOST): You bought Twitter famously. You've got a lot of other businesses and a lot going on.
ELON MUSK (GUEST): Yes.
CARLSON: You said you bought it because you believe in speech, free speech. You've had a lot of hassle since you bought it. In retrospect, was it worth buying it?
MUSK: I mean, it remains to be seen as to whether this was financially smart. Currently, it is not. We just revalued the company at less than half of the acquisition price.
CARLSON: Did you really?
MUSK: Yes.
CARLSON: Sorry.
MUSK: No, my timing was terrible for when the offer was made because it was right before advertising plummeted.
CARLSON: Yeah. You caught the high watermark, I noticed.
MUSK: Yeah. So I must be a real genius here. My timing is amazing since I bought it for at least twice as much as it should've been bought for. But some things are priceless.