Entertainment

Twitch star Amouranth praises Elon Musk for $3 billion Twitter purchase

Popular Twitch streamer-turned-entrepreneur Kaitlyn “Amouranth” Siragusa credits Elon Musk for buying 9% of Twitter rather than creating his own platform.

Amouranth has become quite a businesswoman in recent years, flaunting her extravagant acquisitions on social media.

The whirlpool streamer has become the owner of a gas station, a plastic ball company and has bought a slew of stocks including Activision-Blizzard worth $2 million.

Now, with Elon Musk’s $3 billion purchase of 9% of Twitter, Siragusa has praised the Tesla founder for what she believes is a “great boost.”

Amouranth invests
Instagram/Amorant

Amouranth has become extremely business savvy.

Amouranth Explains Why Elon Musk’s Twitter Purchase Was So Good

Taking to her personal Twitter account, the Twitch star explained why she was thrilled with Elon’s massive purchase.

“Twitter’s usefulness as a platform far exceeds its market value. The problem is that Twitter’s cash flow and product innovation and monetization efforts have been very disappointing,” she explained. “Facebook would buy it if not for antitrust law. Mark [Zuckerberg] literally called it a gold mine.”

She further elaborated on Elon’s decision to buy Twitter rather than create his own platform, noting that this method is much more cost-effective.

“Elon didn’t try to build it, he bought it, knowing that the replacement cost for Twitter far exceeds the price on the open market,” she said. “It would cost more to replicate the ecosystem and network effects.”

She also welcomed Musk’s joining the Twitter board, commenting that it was like “watching the Avengers Assemble.”

So far, Musk has wasted little time flexing his newly acquired stake in the company and has planned some “significant improvements” to the site.

Only time will tell if Amouranth’s superhero comparison holds and Musk delivers after becoming the largest shareholder. In any case, it seems like Twitter is becoming a much more interesting platform now that Elon is playing such a prominent role.

https://www.dexerto.com/entertainment/twitch-star-amouranth-praises-elon-musk-for-3-billion-twitter-purchase-1798817/ Twitch star Amouranth praises Elon Musk for $3 billion Twitter purchase

Emma Bowman

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