After more than six months of ping-ponging, second-guessing, whistleblowing, arguing and mud-throwing, Elon Musk on Thursday closed his $44 billion deal to buy Twitter (TWTR.N).
The social media firm, its employees, its new owners, its creditors and the rest of the world are probably worse off.
If Twitter shares had followed the same trajectory as social media rival Snap (SNAP.N) since March 31, losing more than 80%, its investors would be some $38 billion worse off.
If capitalism is about maximising value for the almighty shareholder, regardless of the consequences for other stakeholders, the Twitter saga upholds that primacy.
loadingCONTEXT NEWSElon Musk completed his deal to buy social media firm Twitter for $44 billion on Oct. 27.