Today’s “Word of the Day” is “buy into“ and it is a phrasal verb meaning “to buy shares in a company/enterprise, particularly with the purpose of gaining some control over it”.
Example Sentence: The richest billionaire Elon Musk’s net worth depends on sentiment more than in the case of others. Tesla, Mr. Musk’s company, is a pioneering electric car maker, no doubt. No, Mr. Musk is not a founder, but had the sense to buy into the company, and then hijacked its management. Just one tweet from Mr. Musk about his interest in a new cryptocurrency is enough for its value to surge.
This word is present in The Hindu article The fickle billions of our super-rich and click here to read it.
Courtesy: The Hindu
“Phrasal Verbs” We Learnt Last Week
“Idioms & Phrases” We Learnt Last Week
“Important Definitions” We Learnt Last Week