Elon Musk Becomes Major Shareholder of Twitter

The entrepreneur is now, with 9.2 % of the shares, the largest shareholder of Twitter

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Entrepreneur Elon Musk, CEO of SpaceX and Tesla, became the major shareholder of Twitter this Monday, after obtaining 9.2 % of the stake in the company. This has been registered with the U.S. Securities and Exchange Commission.

Musk is now the largest shareholder of Twitter, ahead of Vanguard Group (8.79 %) or Morgan Stanley (8.76 %). Likewise, it was learned that Twitter shares have risen more than 25 % in the premarket after the news.

Specifically, Musk has bought 73 million Twitter shares. So far the entrepreneur has not referred to the negotiation or what role he will have in the company. Musk’s decision comes after he expressed on the social network that a new platform was necessary because, in his opinion, freedom of expression was not being respected.

“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” asked Musk.

Twitter censors conservatives

Twitter’s policies have repeatedly been criticized for censoring conservative voices. For example, President Donald Trump was censored after the presidential election, and the same recently happened to Fox News host Tucker Carlson and the New York Post for publishing Hunter Biden’s laptop story.

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In fact, the governor of Florida, Ron DeSantis, has also insisted on the need to confront the big tech companies and defend the values of freedom and has described the measures of the digital platforms as “Orwellian.”

“So I think we will really continue to witness it and the end result is that the narrative that will prevail is always the correct one,” DeSantis said.

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