The Insider reports:
Elon Musk joked about overpaying for Twitter during a surprise appearance at a conference for wealthy people in New York City as his new social media company started mass layoffs.
Speaking at the Baron Investment Conference, an annual extravaganza for well-heeled clients of Baron Capital, the billionaire entrepreneur admitted that he paid too much for the social media company, which he bought for $44 billion.
“I tried to get out of the deal, it was like that scene from ‘The Godfather,'” he said to laughter while making a strained expression. “I mean I think most people would say, given how market has evolved this year, the price is on the high side,” he said.
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“Please use Twitter, & please subscribe to Twitter verified 8 bucks, actually it’s technically $7.99” – @elonmusk pic.twitter.com/lcW2kbDlAB
— Achal Gupta (@achalgup) November 4, 2022