Tesla CEO Elon Musk acquired a 9% stake in Twitter to become its largest shareholder, just before raising questions about the social media platform’s dedication to free speech.
The ultimate aim of Musk’s 73.5 million share purchase worth $3 billion based on the closing price Friday, is not clear. Yet in late March Musk, who has 80 million Twitter followers and is very active on the site, questioned free speech on Twitter and whether the platform is undermining democracy.
The regulatory filing Monday says Musk bought the shares on March 14, describing him as a long-term investor looking to minimize his buying and selling of the shares. That means that Musk acquired the shares before beginning his public discourse on the First Amendment and Twitter.
Yet Musk has also raised the possibility, publicly before his massive and loyal Twitter following, of starting a rival social media network.
Read Full Story
Associated Press Rating
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
