It seems Elon Musk has found something to keep himself occupied until his first crewed mission to Mars fulfills his prediction and lands on the Red Planet in 2029.
Given his $299 billion fortune, all it would take is a few mouse clicks to place the entire company in his shopping cart and complete the transaction in short order.
Recent filings show that Tesla CEO Elon Musk purchased a 9.2% stake on Twitter. This makes him the largest stakeholder in the platform. The news instantly pumped Twitter shares by more than 22% in early trading.
Musk’s filing did not disclose the purpose of the purchase or any plans for the company. But he has been a high-profile critic of Twitter policies in the past. Last month he said he was giving “serious thought” to creating a new social media platform.
I know many of us are now speculating if he will buy out the company by purchasing a majority of Twitter’s stock. I mean, 9.2% is a massive portion of a company, but it isn’t a controlling interest. He doesn’t own a majority of the company as of yet, but this could change.
The BIG question is, will Musk take a majority interest in the company, or is he just doing this as a scare tactic to get those lefties at Twitter to quit the anti-liberty nonsense?
Below are the two relevant video clips from CNBC reports, let us know what you think.
Watch it here: CNBC/Youtube (1)
Watch it here: CNBC/Youtube (2)
Stats provided by Newsmax:
Musk owns 73.5 million Twitter shares, valuing his passive stake in the company at up to $2.9 billion based on the stock’s Friday close. The shares are held by the Elon Musk Revocable Trust.
The left: “Twitter is a private company, it can do what it wants.”
* @elonmusk becomes Twitter’s largest shareholder*
The left: “Twitter is too important to be left in private hands.”
— Will Chamberlain (@willchamberlain) April 4, 2022
What if @elonmusk bought 9.2% in Twitter not to fix it, but rather to expose the insane ways the algorithm and activist employees have been manipulating us? (Shadowbans, de-bosting, reading our DM’s, etc.)
Maybe he can find out who at Twitter censored the Hunter Biden story?
— Dave Rubin (@RubinReport) April 4, 2022
The Verge noted:
Earlier in the month, Musk said he was a “free speech absolutist” after he claimed Starlink had been told by some governments to block access to Russian news sources. “We will not do so unless at gunpoint,” he said.
Sources: WeLoveTrump, The Verge, Newsmax
dan