Musk has raised questions about free speech on Twitter and whether failing to adhere to its basic principles undermines democracy.
Tesla CEO Elon Musk has taken a 9.2% stake in Twitter, purchasing approximately 73.5 million shares, according to a regulatory filing Monday.
"We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter," Dan Ives of Wedbush Securities said in a client note early Monday.Musk said that he was"giving serious thought"to creating a rival social media platform and has clashed repeatedly with financial regulators about his use of Twitter.
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