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Amouranth Praises Elon Musk's Big Money Twitter Investment

Amouranth Praises Elon Musk's Big Money Twitter Investment Image
  • Posted on 08th Apr, 2022 18:00 PM

Twitch Streamer Kaitlyn ‘Amouranth’ Siragusa is heaping praise on Tesla CEO Elon Musk for his several billion-dollar investment in Twitter.

p>Uber-popular Twitch streamer Kaitlyn “Amouranth” Siragusa is quite impressed with the fact that Tesla founder Elon Musk has made a massive investment in the social media platform, Twitter. Right at the top of the list as to why she’s so impressed with the move is because Musk decided to invest in Twitter rather than start his own social media platform.

Amouranth has become quite the investor in the last few months herself. In moves to make money outside of her streaming career, she hasn’t set her sites on one particular industry either. She’s invested in all sorts of companies in all sorts of fields and has diversified herself quite nicely.

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Following Musk’s $3 billion investment in Twitter, the Twitch streamer praised the move as “a nice pickup.” Musk’s purchase of the social media platform’s stock means he is now a nine percent owner of the company and has been named to its board of directors.

window.arrayOfEmbeds["1511430718274084872"] = {'embedded_twitter' : '"<blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">It\u2019s like watching the Avengers Assemble<br><br>Dr Strange, Ironman, Spiderman <a href=\"https:\/\/t.co\/yIr9UcW50n\">pic.twitter.com\/yIr9UcW50n<\/a><\/p>&mdash; Kaitlyn (@wildkait) <a href=\"https:\/\/twitter.com\/wildkait\/status\/1511430718274084872?ref_src=twsrc%5Etfw\">April 5, 2022<\/a><\/blockquote>\n\n"'};

The streamer took to her official Twitter account to delve into exactly why she thought the partial ownership bid was such a smart move. Amouranth, who recently purchased of a large amount of Activision Blizzard stock, said that Twitter far exceeds its market value. She added the problem is that its “cashflow and product innovation and monetization efforts have been super disappointing.”

Amouranth doesn’t always have the greatest success with investments, however, she appears to have done her homework on why the Tesla chief would want a piece of Twitter. She said that Musk knows trying to build the ecosystem that is already in place when it comes to Twitter would cost quite a bit more to recreate and have any real success. She also pointed out that Twitter is valuable enough that even Facebook owner Mark Zuckerberg has thought about making a move similar to Musk’s but hasn’t because of antitrust concerns.

The streamer, whose name and celebrity go well beyond Twitch, also thought Musk joining the board of directors almost immediately after his massive investment was the right move for all involved. She described watching the Tesla chief interacting with Twitter CEO Jack Dorsey as something similar to watching the Avengers come together. When another popular Twitch streamer, Mr. Beast - who has numerous business investments of his own - joined the conversation, she said it was like watching Iron Man, Doctor Strange, and Spider-Man finally joining together and teaming up.

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