Martha Stewart admitted that she wasn’t too keen about Elon Musk’s Twitter acquisition.
The Emmy-award winner and business tycoon guested on CNBC’s Squawk Box on Wednesday and admitted that she fully expected Elon Musk to mishandle Twitter.
“I knew he was going to rip it apart,” Stewart said.
DON’T MISS: Martha Stewart Makes History as Sports Illustrated’s 2023 Swimsuit Cover Model
Stewart, who is a successful entrepreneur through her media company, Martha Stewart Living Omnimedia, said that she sold her stock at $54 when Musk was completing his purchase of the social media platform.
Despite her souring on the social media platform as an investment, she thinks Musk’s decision to appoint new CEO Linda Yaccarino could help it “become one of the great news platforms.”
Stewart, who has a net worth of about $400 million and was even a member of the billionaire club in the past, continues to be active on the platform and has over 3.4 million followers.
She boasted that she was an early adopter of Twitter, telling CNBC that she had Twitter before she had Facebook. Her Twitter profile says she joined the platform in February 2009.
She also has the infamous blue checkmark on her Twitter profile which she says she didn’t pay for.
But despite her criticism of Musk’s management of Twitter, Stewart is still complementary of the Twitter owner and Tesla founder.
“I think he’s a genius,” Stewart said.
Receive full access to real-time market analysis along with stock, commodities, and options trading recommendations. Sign up for Real Money Pro now.