As reported, according to the latest filing with the Securities and Exchange Commission (SEC), Elon Musk currently owns 9.2% of Twitter shares, making him the largest shareholder of the social network. this. Musk’s stake is even more than four times that of Twitter co-founder Jack Dorsey’s 2.25%.
Twitter shares jumped 26% after the news was revealed. It was Twitter’s biggest single-day gain in more than four years. Musk’s stake is worth about $2.89 billion, based on Friday’s closing market price.
Musk is already one of the most popular figures on Twitter with 80 million followers, and he is also often in trouble on the platform. Tesla’s CEO is currently looking to get out of a 2018 settlement with the SEC that forced him to comply with controls related to postings about Tesla.
It’s unclear what Musk is planning with his stake in Twitter. The filing with the SEC suggests that the date of the incident could be March 14. The type of form used also indicates that the investor is not seeking to gain control of the company or influence who controls it.
Previously, Musk conducted a survey with the following content:
Freedom of speech is essential in a democracy. Do you think Twitter is strictly following this principle? There are 2 options below for survey participants: Yes or No.
Under the survey, Elon Musk also earnestly urged his followers that: The results of this survey are very important. Please vote carefully.
As a result, there were over 2 million votes, of which, 70.4% chose No and only 29.6% chose Yes.
Therefore, experts say that Elon Musk’s purchase of a large share of Twitter may be a desire to change this social network in a more positive direction.
It is worth mentioning that, Elon Musk is inherently the “evil enemy” of Mark Zuckerberg, the boss of Facebook – and also a rival of Twitter.
In 2018, Elon Musk even publicly expressed his hatred for Facebook. Accordingly, after WhatsApp co-founder Brian Acton posted a tweet with the hashtag #deletefacebook: “It’s time to delete Facebook”. Musk replied immediately: “What is Facebook?”. A fan asked Musk if he would delete the SpaceX Facebook page, and Musk said: “I didn’t even know it existed. I’ll delete it right away.”
After another fan pointed out that Tesla also has a Facebook page, Musk said, “That sucks.”
Soon after, both the Facebook pages of SpaceX and Tesla disappeared.
In another, in response to a politician’s tweet calling for more censorship on Facebook, Musk once again publicly advised people to remove the app.
Following the riots at the Capitol, Musk posted on Twitter saying: “This is called the domino effect”, with a picture of a domino board, with the first chess piece representing “a website that evaluates women in the mold” school staff”, alluding to the birth of Facebook at Harvard University. The last domino is about rioters.
Musk also criticized Facebook’s data-sharing practices, posting another tweet about Facebook and referring to the company as a “spy” for forcing users to share personal data with Facebook.
Musk advises people to switch to the encrypted messaging app Signal. This article was even retweeted by Twitter CEO Jack Dorsey and a few other technology leaders who also “disliked” Zuckerberg.
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