
The purchase of Twitter shares by Elon Musk came to light a week after the Tesla CEO asked about the need to start a new social platform.
Elon Musk became the largest shareholder of Twitter. This is the conclusion from March 14, which was received by the Bloomberg agency . The CEO of Tesla is expected to own 9.2% of the popular social networking platform worth approximately $ 2.89 billion.
Musk has been very active on Twitter for a long time, and the information about his purchase of the site’s shares coincided with an intriguing poll . The head of Tesla asked in it whether Twitter strictly adheres to the “foundation of democracy”, which is the principle of freedom of speech. He added that the results of the survey would be “significant” but did not say why.
Free speech is essential to a functioning democracy.
— Elon Musk (@elonmusk) March 25, 2022
Do you believe Twitter rigorously adheres to this principle?
After completing the survey with the apparent result that was definitely to the detriment of Twitter , Musk stated that the platform’s failure in this regard “undermines democracy” and asked if a “new platform” was needed. Interestingly, the survey started on March 25, so after Musk bought Twitter shares.
Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.
— Elon Musk (@elonmusk) March 26, 2022
What should be done? https://t.co/aPS9ycji37
It is not known whether the deal will translate into “important” changes as Musk has suggested. So far, the announcement of the purchase made the value of Twitter shares rise by 26%.