Weeks after considering an alternative to Twitter to preserve freedom of expression, Tesla CEO Elon Musk bought a controlling stake in Twitter instead.
Tesla CEO Elon Musk made waves on Monday when it was revealed that he had taken a large stake in the social media giant Twitter Ltd.
The always-entertaining CEO of Tesla has been targeting the social media platform lately, questioning whether the platform meets the principles of freedom of expression.
The guy sure knows how to do interesting things, and given his history of mysterious tweets, he’s likely to leave his followers on Twitter to guess for a while.
A Filing a Securities Authority Confirmed that Musk has taken 9.2% of the company worth $ 2.89 billion, making it the sole sole shareholder of the platform.
And investors responded positively to the news, sending Twitter shares soaring to 26% as of this writing, which is the biggest intraday rise for Twitter In more than four years.
This latest news takes on even greater significance given the noises of Musk on social media regarding the Twitter challenge by launching its own competing social media platform.
Last month, Musk asked his 80 million followers on Twitter if they think a new platform is needed to compete on Twitter given their dubious record of freedom of expression.
Musk tweeted: “Given that Twitter serves as the de facto public city square, non-compliance with the principles of freedom of expression fundamentally undermines democracy. What should be done?”
Given that Twitter serves as the de facto public city square, non-compliance with the principles of freedom of expression fundamentally undermines democracy.
What should be done? https://t.co/aPS9ycji37
– Elon Musk (@elonmusk) March 26, 2022
Then proceeded to Surveyed his followersAnd asks them if they believe Twitter allows freedom of expression.
He tweeted: “Freedom of expression is essential for a functioning democracy. Do you believe Twitter adheres to this principle?”
Freedom of expression is essential for a functioning democracy.
Do you believe that Twitter adheres to this principle?
– Elon Musk (@elonmusk) March 25, 2022
Respondents said the vast majority that Twitter does not adhere to the principles of free speech, with only 29% believing that the social media company does support the ideals of free speech.
A Twitter follower tweeted at Musk and asked him if he would consider building his own platform to compete with Twitter, to which Musk replied, “I’m thinking about it seriously.”
Musk’s Twitter account wandered inside More political content Over the years, including a famous one when he referred to “Taking the Red Pill” (referring to the iconic Matrix film), which was interpreted as a critique of the political left.
Take the red pill 🌹
– Elon Musk (@elonmusk) May 17, 2020
In response to the Canadian Freedom convoy that took over the Canadian capital Ottawa in February, Musk tweeted his support for the Freedom Convoy when he wrote, “Canadian truck drivers rule.”
Canadian truck drivers dominate
– Elon Musk (@elonmusk) January 27, 2022
There is speculation about Musk’s next move, and some argue that Musk has greater ambitions to achieve a greater ownership role in the company, give it more expression in how the business is run, and apparently work to ensure the platform meets freedom of expression. Principles.
The guy is unexpected. His latest move came as a plot twist given his previous statement he was considering Challenging Twitter by building its own platform.
But Musk can offer an ingenious plan: take control of Twitter from within and get them to consult with his orders.
And this strategy may work given the fact that Twitter does not give the company’s founders an advantage in shareholders’ votes.
Sorry, Jack Dorsey.
Sit down, grab the popcorn and enjoy the show. Because Elon Musk always keeps us on the edge of our seat.
(Insert Elon Musk this is how my brain works gif here)
Elon Musk Becomes Largest Shareholder Of Twitter Overnight! Source link Elon Musk Becomes Largest Shareholder Of Twitter Overnight!