CoinDesk: Elon Musk has a 9.2% stake in social media company Twitter Inc (TWTR), according to a regulatory filling on Monday. According to the filling, Musk purchased 73,486,938 of common stock in the social media company. Based on Twitter’s last closing price of $39.31, the stake would be worth $2.89 billion.
Musk, the CEO of electric-car maker Tesla Inc (TSLA), is a staunch backer of cryptocurrencies and often uses Twitter to publicly announce his views on crypto.
Foreshadowing or planned action?
In a March 25 poll, Musk had asked Twitter users whether they believe the platform adheres to the free speech principle, as he believes that it is essential to the functioning of a democracy. He also said that the consequence of this poll would be vital. more
Welp, did not expect that. Interesting nonetheless…
How long until Trump is back on Twitter? Before the November elections?
Does this mean that Jack Dorsey will be on the Mars rocket ship?
He’s a conservative when it comes to conserving his fortune. He’s a liberal when it comes to making it.
Interesting……when he has enough shares to control the company, I wonder who’s going to get kicked off the board of directors first.
Oh, and BTW, all you (KOFF!) “fact checkers” (KOFF!), best start to polish up those turd (polishing a turd) resumes and start looking for your next job.
To be a fly on the wall at Twitter HQ right now would be fun times.
This could get interesting. Musk has multiple reasons for this and I know primary is money, but I sure hope much of it is to change Twitter and get rid of the sensoring and banning.
What if Musk tweets articles or opinions that Twitter doesn’t like. Do they ban a 10% stakeholder or sensor his tweets? Will this open the door for others to fight a ban that have the same opinion as Musk? Claiming “you didn’t ban Musk, so you can’t ban me”.
JP,
sensor => censor
(sorry, the GrammarNazi in me couldn’t resist)
Life was so boring before Elon came along. He tweeks everyone one way or another and then laughs about it. He is probably the most down to earth smart person we have seen in generations. Totally unpredictable.
Stock price up 27% today, Cha-Ching
That is 3/4 of a billion dollars in one day.
He’s getting my proxy.. anything us better than what’s transpired over the last 10 years.