Elon Musk Jokes About Buying Coca-Cola. He Says He Will Start Adding Cocaine To It Again

Until 1903, one bottle of coke contained 9 milligrams of cocaine. Elon Musk wrote on Twitter that he would buy a well-known brand and return the drug to it. On Monday, the richest man in the world purchased the Twitter social media platform for 42 billion euros. He paid 51.49 euros for one share.

Once he takes over, he wants to transform Twitter it into a fully private company and make a number of changes to help make it a platform for free speech. Read the list of the most important changes.

Next I’m buying Coca-Cola to put the cocaine back in

— Elon Musk (@elonmusk) April 28, 2022

Coca-Cola is doing quite well

The popular cola drink is owned by The The Coca-Cola Company. Its annual turnover is around 33 billion euros. One share currently costs 62.28 euros and the market value is 252 billion euros.

The profits and revenues in the first quarter of 2022 grew more than economists expected. Contributing factors were higher prices and an increased demand for drinks in restaurants as the restrictions to stop the covid-19 pandemic were lifted.

Rozhodnutie pozastaviť činnosť v Rusku však zníži ročný zisk o 4 centy na akciu. Stúpajúce náklady na ingrediencie, ako sú káva a cukor či prudký nárast nákladov na prácu a dopravu prinútili výrobcov spotrebného tovaru zvýšiť ceny, ale dopyt zostal odolný, pretože spotrebitelia po pandémii míňajú viac.

However, the decision to suspend operations in Russia will reduce annual earnings by 4 cent per share. Rising costs for ingredients such as coffee and sugar or a sharp rise in labor and transport costs have forced consumer goods manufacturers to raise prices, but demand has remained resilient, as consumers spending more in this post-pandemic period.