Elon Musk Investment In Twitter: Elon Musk is a prolific user of Twitter, and has been critical of the social media platform and its policies of late.
Tesla Inc CEO Elon Musk has take a passive stack of a 9.2% in Twitter Inc, a regulatory filing showed on Monday, sending the micro-blogging site Twitter shares skyrocketing 16% in premarket trading.
In late March, Musk said he was giving “serious thought” to building a new social media platform.
Elon Musk Investment In Twitter: Elon Musk Takes 9.2% Passive Stake In Twitter
Musk was responding to a Twitter user’s question on whether he would consider building a social media platform consisting of an open source algorithm and one that would prioritize free speech and where propaganda was minimal.
Musk, a prolific user of Twitter himself, has been critical of the social media platform and its policies of late. He has said the company is undermining democracy by failing to adhere to free speech principles.