Elon Musk Discloses 9.2 Percent Stake in Twitter in Regulatory Filing

Tesla Chief Government Officer Elon Musk has constructed a 9.2 % stake in Twitter, a regulatory submitting confirmed on Monday, sending the micro-blogging website’s shares hovering 16 % in premarket buying and selling.

Late March, the silicon valley billionaire said he was giving “serious thought” to constructing a brand new social media platform.

Musk was responding to a Twitter consumer’s query on whether or not he would take into account constructing a social media platform consisting of an open supply algorithm and one that might prioritise free speech and the place propaganda was minimal.

Musk, a prolific consumer of Twitter himself, has been essential of the social media platform and its insurance policies of late. He has stated the corporate is undermining democracy by failing to stick to free speech ideas.

© Thomson Reuters 2022

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