Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up, Tesla CEO Elon Musk has become a partial owner of social media firm Twitter after buying a 9.2 percent passive stake in US-based company Twitter Shares, a regulatory filing revealed. – Market traded.
The company, which owns more than 70 million shares of common stock in its personal capacity, took a 9.2 percent passive stake in the company, days after the development should say it is seriously considering building a new social media platform.
Musk had earlier tweeted asking if users believed Twitter followed the principle of free speech, while Musk has previously criticized the platform for using 0:50 on Twitter to identify bots and troll the military. There must be a way.
He also said that he is seriously considering making one. Because the social media platform Twitter failed to comply with free speech last week, the US Securities and Exchange Commission told a judge that Musk’s tweets about Tesla would resume a legitimate subject for a government investigation.
Starship Fully Stacked pic.twitter.com/Fs88RNsmfH
— Elon Musk (@elonmusk) August 6, 2021
Musk is seeking to end oversight by the stock market regulator of his Twitter posts, even though a court has struck down his 2018 settlement with Musk, he is seeking documents from the court to a subpoena by the securities regulator. Also asking to block.
In connection with the review of his tweets under the Sec settlement agreement, the regulator will distribute funds from the company and Elon Musk to investors who lost money to buy Tesla shares after Musk’s tweet.
He was thanking that He was thinking about taking the company public as if to go a step further you can actually sum up that car.