Elon Musk now owns almost 10% of Twitter

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Twitter is a pretty bad place to start, but a quiet picking up of shares over the weekend could suggest the platform is about to get a lot worse: Elon Musk, the richest man in the world and notoriously unhinged Shit-Poster, is now the platform’s largest shareholder, owning a whopping 9.2% of Twitter Inc.

On Monday, Bloomberg reported that Musk’s latest purchase was unveiled in a that day regulatory filing. The move even sent Twitter shares up about 26% in premarket trading. The publication estimates that Musk’s new holding is “worth approximately $2.89 billion based on Friday’s market close.”

This move is bold for many reasons, but the most obvious is that Musk has a very tumultuous relationship with the platform. In equal parts, the Tesla founder has both made a loud fuss about how much he hates Twitter and how much he loves it (and its founder, Jack Dorsey). However, like many of the most obnoxious people on the platform, Musk’s trademark is that he complains and then still tweets incessantly.

It’s unclear what Musk will be trying to do with his latest purchase, but some clues can be gleaned from his own Twitter page. In the past month, the 50-year-old queried His millions of followers ask who believes “Twitter adheres rigorously to the principle that freedom of speech is essential to a functioning democracy.” When more than 70% of responders said Twitter doesn’t do that, Musk asked when a new platform was “needed”.

Will Elon blow it all up and start over? Maybe he’ll just destroy it and give us all some peace. I sure can dream, can’t I?

  • I’m still laughing at this video by doja cat running back from the bathroom to get her Grammy.[[[[Twitter]
  • Cardi B deleted her Twitter account after being bullied by fans for not attending the Grammys.[[[[Completelyx]
  • You knew Trevor Noah somehow had to mention The Slap. [TMZ]
  • Ariana Grande “Thank you, next”-ed the Grammys. [Us Weekly]
  • Kourtney Kardashian and Travis Barker Mouthfuck at the Grammys. [Page Six]
  • The Grammys’ “In Memoriam” segment presented Tony Awards. [People]

https://jezebel.com/elon-musk-now-owns-nearly-10-of-twitter-1848744388 Elon Musk now owns almost 10% of Twitter

Andrew Schnitker

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