Ron Baron is the CEO and founder of Baron Capital. Tesla’sElon Musk is the biggest shareholder. 9.2% stake TwitterHis board seat is also not important.

CNBC’s Thursday “Squawk box” interviewer said that “I believe it’s meaningless.” It’s an insignificant investment. For a man with a $300 billion worth, $3 billion seems like hardly a small investment. Tesla, which is now worth $1 trillion and on track to be worth $3- or $4 trillion.

Baron has been an investor in Tesla since 2014. He added that he doesn’t believe this can be meaningful.

Baron stated that his company decided to not invest in Jack Dorsey’s social media company after learning Musk had backed the firm. taking a seat on the board. Moreover, investors often look at both the company and the people backing it before buying shares.

Although Twitter is stock surged 27%Musk’s Monday investment in the company was made public. The share price of the company has not performed well over the past few years when compared with other U.S. technology giants such as Amazon. AppleAnd Microsoft.

Musk purchased the company less than 2 weeks after criticizing it. He also polled people via Twitter to find out if they adhere to free speech principles. Musk wrote, “Given Twitter is the de facto central public square, failure to adhere to freedom speech principles fundamentally undermines democracy.” What should we do?

Musk stated late last month that he is also considering building. a new social media platform.

Musk is not the only billionaire who has bought a substantial stake in large media companies.

AmazonFollowing the purchase of The Washington Post magazine for $250 million, Jeff Bezos’ founder came under suspicion.

After learning that Washington Post reporters were looking into his past, former president Donald Trump railed against Amazon chief Jeff Bezos in a tweetstorm. Amazon stock shares dropped as high as 6.5% after Trump’s win, but the wider markets rose to new heights.

Baron was asked if Musk’s businesses could be subject to similar scrutiny. He replied: “When your focus is on something meaningless that will never impact anything, it takes away the ability to see the bigger picture.”

He continued, “These things aren’t important to us.” For me, it’s irrelevant. You can buy something. An individual can pick up something you are able to trade. It is irrelevant. I don’t care.”