Tesla CEO Elon Musk purchased a 9% stake in Twitter a week after he criticized the platform doesn’t believe in free speech.
An SEC filing shows he owns 73.5 million shares of Twitter. It’s valued at $2.92 billion, making Musk the platform’s largest shareholder.
Then Twitter’s stock went up 19% to $46.88 once the news broke.
About 2 million people voted. 70% of them said no. People told Musk he should either buy Twitter or start his own social media platform.
Musk is the richest man in the world. He’s worth $273 billion.
Wedbush Securities analyst Dan Ives said, “It looks like Elon has his eyes laser set on Twitter. We would expect this passive stake as just the start of broader conversations with the Twitter board.”
Musk’s move could push him into a big guy role at Twitter.
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