Home News Elon Musk has become one of Twitter’s most important shareholders

Elon Musk has become one of Twitter’s most important shareholders


According to documents released on Monday by Twitter Inc. Elon Musk currently owns a package of 73,486,938 common shares on Twitter, which were valued at $ 2.9 billion on Friday night. The shares are owned by Elon Musk Revocable Trust, informs Agerpres.

Immediately after the release of this information, Twitter shares rose 26% in transactions before the official opening of the stock exchange, as they come about a week after Elon Musk said he was “seriously considering” setting up a new social media platform. .

Musk answered this question when asked by a Twitter user if he was thinking of building a social media platform based on an open source algorithm that would give priority to freedom of expression and where propaganda would be reduced. .

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Elon Musk, who is also a frequent Twitter user, has 80 million users and has used Twitter to make several announcements that have influenced financial markets, including a possible transformation of Tesla into a private company.

Elon Musk has recently criticized the social media platform and its policies. According to Elon Musk, Twitter is undermining democracy by failing to adhere to the principles of free speech.

Musk, who is also the founder and CEO of the SpaceX missile company, as well as the start-up Neuralink or the infrastructure company The Boring Company, is theoretically the richest man in the world, with an estimated fortune by Bloomberg. at over $ 300 billion.

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