Tech Billionaire Elon Musk has now become the largest shareholder of the social media platform Twitter, leading many to speculate that Musk’s bigger role could lead to more free speech protections on the platform.
As The Daily Wire reports:
Tesla CEO Elon Musk has become Left-wing social media platform Twitter’s largest shareholder, taking 9.2% stake in Twitter Inc.
Musk now has four times as many shares as Twitter founder Jack Dorsey, who owns 2.25%.
“Twitter shares surged about 26% in premarket trading after the regulator filing released Monday detailing Musk buying the holding,” Bloomberg reported. “The stake is worth about $2.89 billion, based on Friday’s market close.”
The move comes after Musk teased a shakeup at Twitter, or possible plans to build a new social media platform that promotes free speech.
Musk had previously tweeted out a poll hinting at his true views on free speech on social media:
The consequences of this poll will be important. Please vote carefully.
— Elon Musk (@elonmusk) March 25, 2022