Twitter star and Tesla Chief Executive Elon Musk announced ownership of more than 9% of Twitter inc., according to a Wall Street Journal report.
Elon Musk, the Worlds richest man, now owns more of Twitter than any other shareholder, even Twitter's founder, Jack Dorsey, who owns only 2.5% of Twitter's shares. (2)
Due to Elon Musks' open support of free speech and his most recent Twitter poll, it is obvious this move means big news for Twitter users and free speech advocates alike.
According to the WSJ, Twitter’s stock rose 19% to $46.88 in premarket trading, paring earlier gains of more than 25% after Mr. Musk’s stake was revealed.
This move in the markets signals that investors are waking up to the problem of big tech tyranny, and are supportive of a "democratic" approach to social media.
This news comes after Elon Musk released a string of provocative Tweets, including one of his famous polls, on March 25.
Mr. Musk Tweeted, "Free speech is essential to a functioning democracy." and inquired, "Do you believe Twitter rigorously adheres to this principle?"
He went on to say, "The consequences of this poll will be important. Please vote carefully."
With Elon Musk's open right-leaning tendencies, this new move by the world's richest man is leaving the left, who have relied upon Twitter to promote leftist propaganda and suppress conservative content, in a state of alarm.
On the other hand, the right will now get to see Mr. Musk's true colors by what he decides to pressure Twitter executives on.
UPDATE: After the news broke today, Elon Musk said hi to his followers on Twitter:
Contributor(s)
Al Scott, Joseph Hugh
Sources:
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Bring back Trump
Bring Trump back!!!!!!
He should unban Trump.