Elon Musk Buys 9% Of Twitter After Slamming Its ‘Free Speech’ Approach
On Monday, Elon Musk purchased 9.2% of Twitter, the SEC reported.
The purchase granted just under 73.5 million shares to Musk, which makes him the largest shareholder in the company.
The stock price of Twitter blew up over 25% after news of his purchase went viral.
Musk’s stock purchase comes shortly after he made headlines for criticizing the alleged lack of free speech present on the platform.
Last week Musk said on Twitter, “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?”
He went on to suggest an alternative may be necessary, adding, “Is a new platform needed?”
Several of his millions of Twitter followers advocated that Musk buy Twitter in its entirety or start up his own platform.
Christina Pushaw, the press secretary for Republican Florida Governor Ron DeSantis, tweeted, “Buy this one!”
Buck Sexton, a conservative radio broadcaster, commented, “Yes. Buy twitter or please build one. Save the country from these psycho Silicon Valley libs.”
The billionaire CEO then said he was giving “serious thought” to building an alternative social media platform.
He has yet to publicly comment on his Twitter stock purchase.
Analyst Angelo Zino said Musk’s purchase could suggest he plans to acquire Twitter completely, saying, “Musk’s actual investment is a very small percentage of his wealth, and an all-out buyout should not be ruled out.”
One alleged Twitter employee vowed to resign following Musk’s purchase.
Elon Musk is already making twitter a better place pic.twitter.com/9rTgRXoYTe
— Zero HP Lovecraft 🦅🐍 (@0x49fa98) April 4, 2022
Stay tuned to The Scoop for any updates.
