Tesla CEO Elon Musk has grabbed a huge stake in Twitter, making him the social media giant's biggest shareholder just days after questioning its commitment to free speech.
Musk's purchase, revealed in a Securities and Exchange Commission filing published on Monday, gives him a 9.2% ownership stake, according to the Financial Times. At Twitter's current valuation, Musk's purchase likely cost nearly $3 billion. It comes after a poll Musk posted on Twitter sparked speculation that he was considering buying Twitter or launching his own social network.
Musk, who has 80 million followers on Twitter, has been critical of the platform for silencing conservatives. In the poll he published on March 25, most of his followers agreed with him.
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Tesla CEO Elon Musk takes a 9% stake in TwitterMusk has raised questions about free speech on Twitter and whether failing to adhere to its basic principles undermines democracy.
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Tesla CEO Elon Musk takes a 9% stake in TwitterMusk has raised questions about free speech on Twitter and whether failing to adhere to its basic principles undermines democracy.
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Tesla CEO Elon Musk takes 9% stake in TwitterTesla CEO Elon Musk is taking a 9.2% stake in Twitter. Musk purchased approximately 73.5 million shares, according to a regulatory filing.
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Tesla CEO Elon Musk takes 9% stake in TwitterTesla CEO Elon Musk is taking a 9.2% stake in Twitter. Musk purchased approximately 73.5 million shares, according to a regulatory filing.
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Tesla CEO Elon Musk takes a 9% stake in TwitterTesla CEO Elon Musk is taking a 9.2% stake in Twitter.
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