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Elon Musk

    TECH

    Elon Musk Buys 9.2% of Twitter

    by OVERSTANDARD April 3, 2022
    written by OVERSTANDARD

    Elon Musk has just purchased 73,486,938 shares in Twitter, which adds up to 9.2% of the social media giant. The shares are valued at around $2.89 billion, and to give you an idea of just how big this purchase is, it’s about four times as many shares as Jack Dorsey, who founded Twitter.

    Back in March, Musk flirted with the idea of starting his own social media platform, because of Twitter’s stance on freedom of speech. But it seems as though that want be necessary. It will be interesting to follow the development of Twitter, and Elon’s influence on the media giant.

    Free speech is essential to a functioning democracy.

    Do you believe Twitter rigorously adheres to this principle?

    — Elon Musk (@elonmusk) March 25, 2022

    Is a new platform needed?

    — Elon Musk (@elonmusk) March 26, 2022

    Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.

    What should be done? https://t.co/aPS9ycji37

    — Elon Musk (@elonmusk) March 26, 2022

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