Elon Musk Now Owns More of Twitter Than Jack Dorsey

Elon Musk Now Owns More of Twitter Than Jack Dorsey

According to a U.S. securities filing, Elon Musk has acquired a 9.2 percent share in Twitter. Twitter’s stock soared over 25% in pre-market trade as a result of the announcement. According to the Securities and Exchange Commission, the Tesla founder purchased 73,486,938 Twitter shares on March 14th.

The stake is worth $2.89 billion, based on Twitter’s Friday closing price. This makes him one of the company’s major stockholders, more than four times the 2.25 percent interest held by Twitter founder Jack Dorsey.

Musk is a frequent Twitter user with over 80 million followers, yet he recently stated that he is “seriously considering” developing a new social media network. Musk also asked his followers late last month whether they believed the social media site promoted free expression.

“Freedom of expression is necessary for a democracy to function properly. Do you believe Twitter adheres to this policy to the letter?”

He frequently uses Twitter to disseminate information about his enterprises, which include SpaceX and Neuralink. He is also known for posting memes, which contributes to his fan base’s popularity.

On March 25th he held a poll on Twitter that garnered over two million votes.

He noted that the consequences of the poll would be important and to “vote carefully”.

Well, looks like Twitter did, in waves.. and they want their freedom of speech back.

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