NewsTesla CEO Elon Musk purchases 9.2 percent of Twitter's...

Tesla CEO Elon Musk purchases 9.2 percent of Twitter’s shares

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As of Monday morning, Elon Musk’s 9.2 percent stake in Twitter Inc (TWTR.N) was revealed in a regulatory filing, sending the micro-blogging site’s shares up 16 percent in premarket trading, reports the Wall Street Journal.

At the end of March, the Silicon Valley tycoon revealed that he was “seriously considering” developing a new social media platform of his own.

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Musk was responding to a Twitter user’s question about whether he would build a social media platform based on an open-source algorithm and one that prioritised free speech and where propaganda was minimal.

Lately, Musk, a frequent user of Twitter, has expressed his displeasure with the social media platform and its recent policies. He has claimed that the company is undermining democracy because it does not adhere to free speech standards.

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James
Jameshttp://Shouzy.com
Technology has been James's passion for over a decade. After graduating from the University of Chester with a Bachelor of Arts degree in Journalism in 2006, started writing full-time shortly after. Over the years, he has worked on everything from Windows XP to Red Star OS, but more recently has settled into the Apple ecosystem. A regular contributor at shouzy.com, James writes about iOS, macOS, and Apple hardware.

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