Elon Musk Becomes Twitter’s Largest Shareholder


Tesla CEO Elon Musk has bought a 9.2 percent stake in Twitter. This makes him the largest shareholder in the company. He immediately started a poll about an edit button.


According to a document filed with the SEC, Musk has bought 73.5 million shares of Twitter. Calculated based on the share price at the closing of the stock market on Friday, it concerns an investment of 2.9 billion dollars.

One of the first things he did after the purchase was to conduct a Twitter poll asking if people saw anything in an option to edit posts after publishing. Musk is one of the best-known Twitter users, with more than 80 million followers, but he also regularly creates polemics about and through the platform.

The purchase comes about a week after Musk publicly considered starting his own platform, where his freedom of expression would be more defended. So it seems a bit like Musk has now bought himself a little more control over his favourite platform.

In principle, Elon Musk’s messages about his own company should be checked by lawyers after he repeatedly caused large price swings with a tweet in the past. In 2018, for example, he reported via Twitter that he had enough money to take Tesla off the New York Stock Exchange without giving any proof.

In February, the US government launched another insider trading investigation after Elon’s brother Kimbal sold shares just days before Elon took the value of those shares down with a tweet.

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