The world’s richest man and Tesla CEO Elon Musk has bought a 9.2 percent stake in social media platform Twitter. This information has been received from a regulatory filing of the US Security and Exchange Commission on Monday.
Musk has bought about 7.35 crore shares of Twitter and with this he has become the largest shareholder in the firm. This news has seen a huge jump in the shares of Twitter.
Twitter shares rose up to 26 per cent in premarket trading. Based on calculations from Twitter’s last close, this stake is worth $ 280 million.
Let us tell you that a few days ago, Elon Musk conducted a poll on Twitter, in which he asked users whether they believed that Twitter was following the principles of freedom of speech. Giving the caption of this poll, he wrote, “Freedom of speech is essential in any democracy.
Do you believe that Twitter strictly adheres to this principle?” About 70% of the users answered ‘no’ to it. This means that 70 percent of users believe that Twitter is not following these principles.
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Not only this, he also said that he is seriously considering creating a new social media platform. A user asked him if he would consider building a social media platform that has an open-source algorithm and prioritizes freedom of speech with minimal propaganda. Musk has said this only while answering this question.
Musk is very active on Twitter, but recently he has criticized the social media giant Twitter several times. Musk has bought about 7.35 crore shares of Twitter and with this he has become the largest shareholder in the firm. This is more than four times the share of Twitter founder Jack Dorsey.
