Billionaires buying social networks always works out brilliantly, insists former MySpace owner Rupert Murdoch

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Rupert Murdoch has praised Elon Musk’s purchase of Twitter, insisting billionaires buying social networks always leads to positive outcomes.

Murdoch, who spent $580m on MySpace before selling the shadow of its former self for $35m six years later, claims Musk’s purchase will prove once again that existing billionaires dabbling in social networks is something the world should readily embrace.

He went on, “In a few short years, $44bn will look like an incredible deal – mainly for the people selling Twitter to Elon Musk.

“I’ve been there, trust me; buying what you think is the platform that will put you into the hands of every Internet user on the planet, only to find out they all liked it specifically because it wasn’t owned by a billionaire.

“Still, it’s nice to enjoy this bit where you’ve bought a fun plaything and it hasn’t all gone to shit. Enjoy it, Elon.”

Twitter users have welcomed the sale, insisting Elon Musk’s promise to rid the site of spam bots can only be a good thing.

Twitterer Simon Williams told us, “I for one welcome Elon’s pledge to rid Twitter of spam bots and to make sure every user on the platform is as authentic as his hairline.”