US Election 2024: After Donald Trump's win, Internet says 'Elon Musk's $44 billion twitter purchase was worth every penny'

Donald Trump has officially clinched victory in the 2024 U.S. presidential election, set to return to the White House as the 47th President. But the spotlight isn't just on Trump¡ªElon Musk, who has been an outspoken supporter of the former president for nearly a year, is equally in the spotlight. Now, many are saying that Musk¡¯s $44 billion acquisition of Twitter in Ocotber 2022 has paid off.

As one user put it on X, "You're soon gonna realize why Elon spending $44B buying Twitter was worth every penny. A move that every finance & M&A expert called stupid. Elon is peak benchmark of 'cracked', nothing human comes closer. Superhuman gigautistic intelligence."

You're soon gonna realize why Elon spending $44B buying Twitter was worth every penny.

A move that every finance & M&A expert called stupid.

Elon is peak benchmark of 'cracked', nothing human comes closer. Superhuman gigautistic intelligence.

¡ª Indra (@IndraVahan) November 6, 2024

Another user states, "And people said Elon made a mistake buying Twitter at $42 billion."

And people said Elon made a mistake buying Twitter at $42 billion. The leverage it got him, to be a part of the Trump campaign and now being a part of the govt to affect policy. Priceless.

¡ª Gabbar (@GabbbarSingh) November 6, 2024

These comments highlight the growing belief that Musk's massive Twitter acquisition, now rebranded as X, has proven to be a strategic move.

According to a report from The Guardian, the influence of X, particularly in shaping public discourse and spreading Musk's right-wing views to his 200 million-plus followers, can't be measured purely in financial terms. It's not just about profits¡ªit¡¯s about power.

Data from Similarweb shows that global traffic on X has increased, with 4.3 billion desktop and mobile web visits, marking a 3.8% rise from last year.

As Musk continued to share both information and misinformation about the elections on X, the impact of his platform on shaping narratives, especially surrounding Trump¡¯s victory, is becoming clearer. Many argue that X played a significant role in influencing voters.

Musk's influence has gone beyond just spreading his views¡ªhe's also used X for large-scale giveaways, offering million-dollar prizes to those who signed petitions supporting causes like free speech and the right to bear arms, which seem to align with his political leanings and, notably, Trump's 2024 campaign.

However, not everyone is convinced. One user pointed out, "Make a stupid, expensive purchase and then use your money to elect a clown to save your investment¡ªthis isn't something that will be taught in business schools."

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