Tesla CEO Elon Musk now owns 9.2 percent of the platform Twitter reports Bloomberg. According to information, the purchase must have taken place on March 14, ie before Musk tweeted that he was considering starting his own social media platform.
CNBC writes that Musk’s shares were worth $ 2.89 billion when the market closed on Friday. Musk’s shares are classified as a passive stake, but Wedbush analyst Dan Ives tells CNBC that the purchase “could lead to some form of acquisition.” Twitter’s share price increased by more than 25 percent during the trade.
Last week, Musk ran a poll for his followers asking about Twitter’s approach to free speech.
theverge.com
Internet, Twitter,
Elon Musk, investment, freedom of speech
Elon Musk is considering starting his own social media platform
Is tired of Twitter not “following the principles of freedom of speech”
In the latest line of tweets from SpaceX and Tesla’s Elon Musk, the billionaire says he believes that Twitter, which “in practice functions as a public square, fundamentally undermines democracy if the principles of freedom of expression are not followed.” When asked if he could consider starting his own media platform, Musk replies that he is “seriously considering this”. Elon Musk is well known for embarking on just about anything from cars, space rockets, human-computer interfaces, rescue equipment to people trapped in a cave, space internet, tunnels and solar cell roofs. You simply do not know what that man will do next, so why not a social media platform?
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