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Elon Musk Becomes Largest Outside Shareholder Of Twitter


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Folks, you have no idea how giddy and happy this recent announcement has made me…

As writers, journalists, bloggers, and independent media people, we face a ton of online censorship; particularly, if we are on the right side of politics.

Nowhere else is this censorship more evident than on Twitter….

Everyday, I wake up and wonder when Twitter will ban me for telling the truth: they have already suspended my account twice. Once for calling for Fauci’s trial, and the other time for hurling abuse at Mark Milley—a known clown.

We recently reported that Elon Musk was hinting at creating his own free speech platform to counter censorship that he himself has allegedly faced via the social media giant Twitter…

Twitter users speculated whether he would start his own platform from scratch, or if he would simply take over Twitter, and now it seems we have our answer…

According to the latest reports, Elon Musk has become the largest outside holder of Twitter stock after taking a 9.2% stake in the company.

Shares of the company soared in response to Musk’s purchase. Here’s more on the story:

According to CNBC:

Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to a Securities and Exchange Commission 13G filing released Monday. The stake is worth $2.89 billion, based Twitter’s closing price Friday.

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The Block explains:

Musk has also criticized Twitter’s use of spending engineering resources on integrating NFTs as opposed to fixing other issues on its platform.

“Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?” 



 

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