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HUGE: Elon Musk Just Bought A Big Portion Of Twitter

Is free speech in the Big Tech space about to make an epic comeback? If Elon Musk has anything to say about, the answer could very well be yes. Brand new reporting at least offers a glimmer of optimism.

The team over at Wayne Dupree had this to say in a breaking story from the early hours of Monday, April 4th:

“According to a US securities filing, Elon Musk has acquired a 9.2 percent share in Twitter. Twitter’s stock soared over 25% in pre-market trade as a result of the announcement. According to the Securities and Exchange Commission, the Tesla founder purchased 73,486,938 Twitter shares on 14 March.

The stake is worth $2.89 billion, based on Twitter’s Friday closing price. This makes him one of the company’s major stockholders, more than four times the 2.25 percent interest held by Twitter founder Jack Dorsey.

This is not a small story; owning 9% of a major company “just like that” for $3 billion doesn’t happen every day. Musk is serious. The timing of his purchase also coincides with previous commoniques on the platform. The Blaze reported on this over a week ago:

“Billionaire business tycoon Elon Musk posted a Twitter poll on Friday [asking people whether they think that the social media platform upholds the principle that free speech is vital to a democracy.

“Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” he tweeted.” 

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It should be noted that more than 2 million votes were cast and fully 70% took the opinion that free speech is not applied in Twitter. Another 30% were sleeping and think Elvis is still alive. The Tesla and SpaceX founder then tweeted a cryptic response: “The consequences of this poll will be important. Please vote carefully.”

The big question is what happens next. Did Musk know his name would drive up prices and allow him to cash out for a nice profit? For one of the world’s richest people, it seems like more money can’t be the sole motivator anymore. Did Musk want to test the waters and see the response? If that’s the case, surely he has to like what he’s seeing and hearing. Did he want access to data in order to continue developing Neuralink? That’s a frightening possibility as humanity gets one step closer to being the Borg.

Regardless of where this goes next, it seems safe to assume Musk is not done owning just 9% and being a shadow investor in one of the most important companies in the world. It is exciting to think about what happens next.

Wayne Dupree had one more comment on Musk:

“Musk is a frequent Twitter user with over 80 million followers, yet he recently stated that he is “seriously considering” developing a new social media network. Musk also asked his followers late last month whether they believed the social media site promoted free expression.

He frequently uses Twitter to disseminate information about his enterprises, which include SpaceX and Neuralink. He is also known for posting memes, which contributes to his fan base’s popularity.”