Elon Musk, CEO of world-renowned Tesla, has become the largest shareholder in Twitter with a 9.2% stake. Jack Dorsey, the founder of Twitter, owns only 2.25% of Twitter.
Elon Musk currently owns 73,486,938 shares of Twitter's stock. It is the largest shareholder in Twitter with a net worth of $ 2.89 billion. With this transaction, the share value of Twitter has increased by 26%.
Prior to buying the stock, Elon Musk polled its users, saying freedom of speech was essential to maintaining democracy, and Twitter received a total of 2,035,924 votes, with 70.4% saying it was not. Had cast their vote. This was done on March 25, 2022, but he had already applied to buy shares on Twitter as the last date to apply for shares was March 14th.
Free speech is essential to a functioning democracy.
— Elon Musk (@elonmusk) March 25, 2022
Do you believe Twitter rigorously adheres to this principle?
It said a large number of people had reacted against it, and Elon Musk had asked about an alternative new social media platform.
Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.
— Elon Musk (@elonmusk) March 26, 2022
What should be done? https://t.co/aPS9ycji37
Why did Elon Musk invest in Twitter? Leave your comments.
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