The world of tech-fin was abuzz this week with the monster announcement of Elon Musk buying a 9.2% stake in Twitter, becoming its largest shareholder:
What was the reaction from a large section of the press? That this is, um, bad news for freedom of expression:
(at least change the headline guys)
Wait a minute, HT had a different one:
Anyway. The take I enjoyed the most was from the peerless Matt Levine - by far the funniest writer in the world of finance.
Flashback: Here's what I had written about Levine in my newsletter in Aug-21:
Back to Musk. In his newsletter dated 4-March, Levine gives us an interesting theory as to why Musk invested in Twitter: It is just Musk being Musk!
Levine starts off his email with that evocative analogy of a computer game.
And then it gets better:
Ok, I get it. You think this is all too tongue-in-cheek. But the broader point that Levine makes is that things in the world of business and finance have changed in the last couple of years - and the lines between reality and fiction have been blurring. (For instance the meme stock craze).
His explanation for Musk's investment may be facetious... But in today's strange times, it may be the simplest one - and a plausible one at that!
#SOTD 40
Ravi
PS: Here is the context for #SOTD and the 'Ultimate Guide to Storytelling Techniques' framework I use - in case you joined this series late!
A Storytelling Coach More details here: https://www.linkedin.com/in/ravishankar-iyer/
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