Posted on 04/04/2022 6:20:30 AM PDT by shadowlands1960
Twitter’s share price has risen in response
Tesla CEO Elon Musk now owns 9.2 percent of Twitter according to a 13G filing released today, Bloomberg News reports. According to the filing, Musk purchased the stake on March 14th. Musk has long been one of Twitter’s highest profile users and recently polled his over 80 million followers about the platform’s adherence to free speech. Twitter’s share price was up over 25 percent in pre-market trading on the news.
CNBC notes that Musk’s Twitter stocks were worth $2.89 billion based on Friday’s closing price. Musk’s shares are classified as a passive stake, but Wedbush analyst Dan Ives told CNBC that the purchase “could lead to some sort of buyout.”
Musk had been publicly calling into question Twitter’s approach to free speech via a poll conducted on his Twitter account on March 25th. “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” the CEO asked, before noting in a follow-up tweet that “the consequences of this poll will be important.”
(Excerpt) Read more at theverge.com ...
Who’s the former Twitter employee who thought it was a good idea to censor Elon?
I don't know but I suspect he or she will be looking for another job soon.
2.9 billion dollars worth of air. Hopefully he can control twatter and eliminate it. Just write it off as a loss.
Buy more and take it over ,LOL
The problem with Twitter is it is influential, but it has yet to find much of a way to make any money.
This purchase makes him the largest stakeholder. How much leverage that buys I guess we’re about to find out...
does twitter have a pill or other similar mechanic?
How amazing would it be if Elon and a couple Free Speech guys bought a controlling interest, and booted out the entire censorship team?
Oh please, oh please....
It would be interesting to see how much the stock dropped between the time he criticized Twitter and threatened competition, and when he bought it, and how much he saved.
It is more efficient for him to take it over and convert it to FREE SPEECH than to launch a completely new platform.
He is going to have to force lots of people to be fired to fix the company.
Unlikely this will work.
Musk buys $3 billion in Twitter stock and it goes up 26%. He makes $780,000 million.
Oooops, $780 million.
At the very least he is now legally privy to all internal communications. And archived ones. He may not be able to release to public to show deliberate politically-motivated censorship, but he can act on it.
Musk needs to relocate the Twitter offices to Owensboro, Kentucky, or Valdosta, Georgia, or Iuka, Mississippi.
There aren’t many potential snowflake censors in those locales.
How refreshing to finally have a multi billionaire who actually has the courage to stand for the values that made him rich, unlike the Bezos, Gates, Warrens who kowtow to PC mobs.
Time to flush the twitter.
Yep.
Cannot recall ever seeing the very first comment on a FR thread being deleted before.
Anyhow, He can purchase all of Twitter but no matter here. I think that the premise is silly. Limiting the length of a Post unless it includes a link, or something. I tried it a bit years ago.
I just noticed that. It has occurred before with me. It might have been a ‘Getty’ image and I didn’t notice...
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