Investor in Musk's Twitter buyout expects to make up to five times its money | Hacker News Reader

Investor in Musk's Twitter buyout expects to make up to five times its money

reuters.com

4 pointsmfiguiere2 comments

>Aliya, a Miami-based manager of the wealth of rich families,
which invested $360 million alongside Musk in the Twitter buyout, said it believed

Musk would capitalize on Twitter's 229 million daily active users that have "historically been under-monetized."

>"We believe Twitter will produce a return of 4-5x in just a few years,

with comparably limited downside risk," Aliya Chief Executive Ross Kestin said in a statement.

>In his statement, Kestin pointed to Musk's other accomplishments at electric car maker Tesla Inc (TSLA.O),

and rocker developer SpaceX as the source of his confidence in the billionaire entrepreneur.

  ** Past performance is Not indicative of future results **

Funding secured