Amouranth Praises Elon Musk's Big Money Twitter Investment

gamerant.com:

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.

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