Elon Musk has acquired a large stake in Twitter, regulatory Filings showed on Monday, send a file social media networkStocks soared, fueling speculation that he might seek a active role in its operations.
Musk is the world’s richest man and CEO of Electrician vehicle Tesla Corporation, a frequent Twitter user who She often posts controversial messages and announcementsit was a long time ago critical of social media Comp.
at one Last post He questioned Twitter’s commitment to freedom of expression and hinted at launching its own platform.
According to the uploaded document with US Securities and Exchange Commission (SEC), South African-born billionaire has acquired nearly 73.5 million Twitter accounts shares 9.2% share in company.
Based on on Friday closed price of Of the company’s stock, his investment is approximately $2.9 billion.
Investors responded quickly. 7:15 am in New York (11:15 a.m. GMT) Twitter shares were trading around $49, up By about 26%.
“Expect this negative share like just The start of Broader conversations with Twitter board/ Management that can eventually lead to me active Share and potential more aggressive property role of Twitter “Analysts Daniel Ives and John Katsingris of Wedbush Books in Note.
Musk launched a poll on Twitter on March 25, he said, “Freedom of expression is essential to a functioning democracy. Do you think Twitter adheres so firmly to this principle?”
More than 2 million people Been voted in reconnaissance, with over 70% say “no”.
“Given Twitter is working as a fait accompli public Town Square, failure to adhere to the principles of freedom of expression fundamentally undermines democracy. what should Is that done? ” next day.
“he is new platform required? “
“Just buy Twitter, “was one of The first responses from dozens of in thousands of users.
Musk, Twitter and controversy
Musk took polls on Twitter to do just that business before: in November last yearHe dumped $5 billion in Tesla shares Days after asking a colleague social media users if should sale 10% of his share.
In the summer of 2018, Musk posted a tweet claiming he had the right funding to take Tesla privatewithout providing evidence.
tweet caused Brief spike in Tesla share price But the Securities and Exchange Commission said the statements on Twitter wasfalse and misleading.”
Qutb then agreed that any tweets are capable of moving Tesla share price It will be examined by lawyers, as part of A deal in which she paid $20 million to settle a fraud case brought by the Securities and Exchange Commission.
Then in In early March, Musk asked a New York judge to cancel the agreement with Inventory market guard on his tweets.
His lawyer said the dispute with The Securities and Exchange Commission was “another attempt to harass Tesla and silence Mr. Musk.”
musk also Use Twitter to prosecute the controversy away from business world: In March, he challenged Russian President Vladimir Putin to a fight with fate of Ukraine is at stake; And the in February the face of condemnation for Tweet comparing Canadian leader Justin Trudeau to Adolf Hitler.
