The Tesla and SpaceX CEO has formerly revealed issues over totallyfree speech in the context of social media.
Key Takeaways
- Elon Musk has purchased a 9.2% stake in Twitter.
- Musk justrecently published a survey asking whether his Twitter fans believe the business supports complimentary speech.
- Musk hasactually endedupbeing infamous for sharing crypto-related memes on Twitter.
Elon Musk hasactually taken a 9.2% stake in Twitter. Dogecoin rose on the statement however has because backtracked.
Elon Musk Buys Into Twitter
After endingupbeing understood as one of Twitter’s greatest pranksters, Elon Musk has purchased a 9.2% stake in the social media platform.
Bloomberg reported that the Tesla and SpaceX CEO had invested around $2.89 billion into the business early Monday. Musk’s financialinvestment represents a 9.2% stake in the firm, and makes him the biggest investor.
The news comes after Musk published a Mar. 25 survey to his 80.2 million Twitter fans asking whether or not the social media app promoted totallyfree speech. “Free speech is vital to a operating democracy. Do you think that Twitter carefully adheres to this concept?” he composed. “The repercussions of this survey will be essential. Please vote thoroughly.” Over 70% of participants voted no.
Free speech is necessary to a working democracy.
Do you think Twitter carefully adheres to this concept?
— Elon Musk (@elonmusk) March 25, 2022
Musk hasn’t been shy about slamming Twitter in the past. When the business launched its NFT profile photo function in January, he criticized the relocation as a misallocation of resources that did not address the platform’s other concerns.
Besides publishing surveys and commentary on how to enhance Twitter, Musk has a credibility for his funny tweets, which typically referral cryptocurrencies like Bitcoin, Ethereum, and of course Dogecoin. Throughout 2021, he utilized his account to post a number of memes associated to crypto possessions, at time triggering ripples in the market. The SEC has long inspected his Twitter shenanigans, especially his posts discussing Tesla and Dogecoin. Musk is presently objectingto a 2018 offer he made with the SEC over what he can state about Tesla, implicating the regulator of miconduct.
Shares for the social media giant leapt as news of Musk’s financialinvestment appeared. TWTR is up around 25% at press time after making its mostsignificant one-day dive because2018 Musk’s preferred crypto possession, Dogecoin, likewise rallied around 20%, though it lateron offered back most of its gains.
Disclosure: At the time of composing, the author of this piece owned BTC, ETH, and numerous other cryptocurrencies.
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