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Give Elon Musk a chance on Twitter, says noted tech investor Ann Winblad.
"Let's hope that an extraordinary company is built," Winblad said at the Berkshire Hathaway annual meeting, where she is in attendance.
Winblad is a managing director of Hummer Winblad Venture Partners, a venture capital firm she co-founded back in 1989.
Musk acquired a 9.2% stake in Twitter earlier this month before striking a deal to buy the social media platform for $54.20 a share a few weeks later. Musk has said that the platform should be less reliant on advertising sales and better police content, among other initial ideas from the unpredictable visionary.
After rebuffing Musk's overture by adopting a poison pill, Twitter's embrace of Musk's bid comes after the billionaire locked in some $46.5 billion in financing led by Morgan Stanley — showing the social media company that Musk was serious.
"Don't underestimate Elon Musk," Winblad said. "He has built two extraordinary companies, SpaceX and Tesla. So let's think positive here that maybe he has some extraordinary plan for Twitter."
More coverage of Elon Musk's Twitter bid:
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Twitter misses Q1 revenue estimates, posts better than expected user growth
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Don't like that Elon Musk is buying Twitter? Here's how to delete your account
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2 worries for Tesla shareholders amid Musk's Twitter takeover
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What Elon Musk buying Twitter means for Tesla: Columbia Law professor
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Elon Musk's Twitter deal: 'People are either outraged or happy'
Brian Sozzi, a former Wall Street analyst, is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
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