Elon Musk Becomes Twitter's Largest Shareholder
Summary from the AllSides News Team
Billionaire Elon Musk has accused social media companies and the government of trying to silence him. Now, he's built a 9.2% stake in Twitter to become the company's largest shareholder.
Musk, the world’s richest man, now owns roughly 9.2% of Twitter, according to U.S. Securities and Exchange Commission (SEC) filings. Shares of Twitter responded by rising over 24% Monday. Just last week, Musk suggested that Twitter "fundamentally undermines democracy" by "failing to adhere to free speech principles." As of early Monday afternoon, Musk hadn't yet commented on the purchase.
Right-rated outlets often highlighted Musk's prior criticisms of Twitter, as well as examples of Twitter and other tech companies censoring speech and information, especially from conservatives. Left- and center-rated sources more often highlighted Musk's other business ventures and how his tweets influence markets, as well as examples of prior tweets from Musk that spurred controversy and criticism of him.
Featured Coverage of this Story
From the Left
Elon Musk buys $2.9bn stake in Twitter to become biggest shareholder
The billionaire Elon Musk has taken an almost $3bn (£2.3bn) stake in Twitter to become the social media platform’s largest shareholder.
The world’s richest man, who has a penchant for eccentric behaviour frequently involving posts on Twitter, has built a 9.2% stake in Twitter, according to filings made to the US Securities and Exchange Commission (SEC) on Monday.
The boss of Tesla and SpaceX, who with more than 80 million followers ranks in the top 10 most popular Twitter users globally, paid $2.89bn for the stake at Twitter’s closing share price on Friday.
Shares in the...
From the Center
Elon Musk added 20% to Twitter’s worth in one day. Here are other assets he’s either sparked or sunk with his tweets
Twitter shares soared more than 20% on news that Elon Musk has bought a 9% stake in the company — the latest business entity to see its stock head for lunar orbit after the Tesla CEO has shown an interest.
Musk hasn’t tweeted about the purchase yet. News of the stake came via a filing with the Securities and Exchange Commission (SEC).
But Musk has had plenty to say about Twitter in the past, specifically about whether the company adheres to free speech patterns.
That has led some analysts to suspect he has...
From the Right
Elon Musk purchases stake in Twitter after slamming its approach to 'free speech'
Tesla CEO Elon Musk purchased a 9.2% stake in Twitter Inc. according to a Monday filing from the SEC.
Twitter's shares jumped more than 25% in price following Monday's news. Musk now controls nearly 73.5 million shares of the company, making him the largest shareholder, and individual stocks were priced at $49.81 on Monday morning.
Musk's purchase comes roughly a week after the billionaire criticized Twitter for a lack of commitment to free speech.
"Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines...
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