Elon Musk becomes Twitter’s largest shareholder


Elon Musk became the largest shareholder in the social network Twitter after taking 9.2% of the shares, the company said in a communication sent to the regulator of the US stock exchange. The news boosted demand for social media shares by 26% during negotiations ahead of the opening of the Nasdaq, the U.S. stock exchange index for technology companies.

In recent days, Musk has made several comments about freedom of expression on social media. Among other movements, he conducted a poll among his followers, asking if Twitter respects the freedoms of its users: more than two million members of the social network responded and 70% expressed a negative opinion. This sparked rumors about his intentions, launching an alternative platform on Twitter, but eventually Musk decided to become the social network’s largest shareholder, presumably to use the changes from within.

The tycoon has joined the denunciation of Donald Trump and the American extreme right, which claims that most social networks “censor” their users.

Source: El Diario


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