Shark Tank investor Kevin O’Leary said he’d change his mind about investing in Twitter if Elon Musk successfully bought the platform.
O’Leary said he’s made money on Musk’s stock in the past, but Twitter, as it is, is “at the bottom of Dante’s hell” without Musk.
“It’s horrific what this company has done to their shareholders. I weep like a baby for them,” O’Leary said. “I wouldn’t touch this stock.”
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“However, if Elon Musk gave me a piece of the deal … I’d back him because of executional performance on everything he touches.”
The investor encouraged Musk to get out the “whacking stick and start all over again” with the platform.
“The rest of this board and those employees have done a horrifically bad job,” O’Leary said. “I think they should be fired.”
Twitter’s stock has been volatile, dropping by almost 12% after the platform indefinitely banned former President Donald Trump.
Meanwhile, Musk became the platform’s largest shareholder earlier this month. His company Tesla’s stock hit an all-time high Thursday at more than $1,000 a share.
O’Leary admittedly supports Musk in his attempt to reinstate free speech on the platform, which O’Leary said is one of the “basic principles of America.”
“The cost of free speech, the cost to society, is allowing the lunatic fringe to have a voice,” O’Leary said. “And that’s always been the case, back to when they were writing newspapers by hand.”
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Musk has secured $46.5 billion in financing in order to buy Twitter but has only hinted at making a tender offer.
