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 ...
Yep, just rechecked, it was a Getty image... Usually I look at the left lower corner for the Getty stamp.. this one wasn’t stamped...
an ownership position of that size should at least immunize musk from being cancelled by twitter ...
gonna be tough for twatter to ban musk ... they better get busy adding an “except musk” line in their censorship algorithms ...
Yes, but if selling, he would go to sell very slowly, or could go down 35% before he got his money out.
Don’t screw with Elon!
Elon Musk is a certifiable loon and if you think he’s going to save “free speech,” you’re a few fries short of a happy meal yourself.
“Elon Musk is a certifiable loon and if you think he’s going to save “free speech,” you’re a few fries short of a happy meal yourself.”
No he isn’t; he’s an eccentric genius and is going to be a big help to all of the free speech lovers of the world. I believe this is just Elon Musk’s first move on the chessboard of ‘woke” politics. He’s on a free speech crusade here.
He’s gonna be a nightmare to the Twitter dipshits. Much like Ted Turner was when he owned 4% of Time Warner.
No matter who you are, you can’t afford to piss off a guy who owns 9% of the company.
Musk will torment them and constantly threaten to buy another 42%.
This is going to be fun to watch.
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