{"id":4287,"date":"2022-04-04T14:08:30","date_gmt":"2022-04-04T14:08:30","guid":{"rendered":"https:\/\/businessner.com\/?p=4287"},"modified":"2022-04-04T14:09:26","modified_gmt":"2022-04-04T14:09:26","slug":"elon-musk-was-shopping-with-a-nearly-10-stake-he-is-twitters-largest-shareholder","status":"publish","type":"post","link":"https:\/\/businessner.com\/elon-musk-was-shopping-with-a-nearly-10-stake-he-is-twitters-largest-shareholder\/","title":{"rendered":"Elon Musk was shopping. With a nearly 10% stake, he is Twitter&#8217;s largest shareholder"},"content":{"rendered":"<p>It wouldn&#8217;t be the first time the boss and founder of Tesla Motors and SpaceX has asked the public for their opinion and then &#8220;acted&#8221; on it. His next play lasted two weeks.<\/p>\n<p>On Friday, March 25, he asked fans if they thought freedom of speech worked on Twitter. The result of the poll was said to have a major impact. He has hinted in the past that he would set up his own social network, following Trump&#8217;s example, but where anyone could post really anything.<\/p>\n<p>Two-thirds of the people who responded to his poll said that Twitter does not respect the principles of free speech. In theory, this could have been the impetus for an alternative, but the result was more surprising. Musk has now bought a large part of Twitter.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Free speech is essential to a functioning democracy.<\/p>\n<p>Do you believe Twitter rigorously adheres to this principle?<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507259709224632344?ref_src=twsrc%5Etfw\">March 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Bloomberg, he now owns 73.5 million shares (9.2% stake) worth $2.89 billion. That makes him the largest shareholder, but still a minority with no influence to make any changes in the company. So the question is whether he wants to take another stake or if he has merely confirmed that he really believes in the network by buying it.<\/p>\n<blockquote><p>\u201cIt looks like Elon has his eyes laser set on Twitter,\u201d said Wedbush analyst Dan Ives in a research note, adding that the stake could lead to a \u201cmore aggressive ownership role.\u201d<\/p><\/blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4289 size-large\" src=\"https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock-1024x576.jpg\" alt=\"\" width=\"696\" height=\"392\" srcset=\"https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock-1024x576.jpg 1024w, https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock-300x169.jpg 300w, https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock-768x432.jpg 768w, https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock-150x84.jpg 150w, https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock-696x392.jpg 696w, https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock-1068x601.jpg 1068w, https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock-747x420.jpg 747w, https:\/\/businessner.com\/wp-content\/uploads\/2022\/04\/Twitter-stock.jpg 1200w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/p>\n<p>For Musk, Twitter is the main communication channel. With 80 million followers, he has the eighth most successful account, with only former US presidents, female singers, Ronaldo and Justin Bieber ahead of him.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It wouldn&#8217;t be the first time the boss and founder of Tesla Motors and SpaceX has asked the public for their opinion and then &#8220;acted&#8221; on it. His next play lasted two weeks. On Friday, March 25, he asked fans if they thought freedom of speech worked on Twitter. The result of the poll was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4288,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Elon Musk Buys Large Stake in Twitter: Impact on Free Speech and Future Ownership Role","_seopress_titles_desc":"Find out why Elon Musk bought a large part of Twitter and how it impacts free speech debate on the platform.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[37],"tags":[150],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/4287"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=4287"}],"version-history":[{"count":2,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/4287\/revisions"}],"predecessor-version":[{"id":4291,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/4287\/revisions\/4291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/4288"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=4287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=4287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=4287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}