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Elon Musk becomes largest shareholder
in Twitter with $3B stock buy

Original Article

Posted By: Happy Place USA, 4/4/2022 8:19:45 AM

Tesla CEO Elon Musk has grabbed up a huge stake in Twitter, making him the social media giant's biggest shareholder just days after questioning its commitment to free speech. Musk's purchase, revealed in a Security and Exchanges Commission filing published on Monday, gives him a 9.2 percent ownership stake, according to the Financial Times. At Twitter's current valuation, Musk's purchase likely cost nearly $3 billion. It comes after a poll Musk posted on Twitter sparked speculation he was considering buying Twitter or launching his own social network.

Comments:

Musk running Twitter would be fantastic.

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Reply 1 - Posted by: Rich323 4/4/2022 8:25:51 AM (No. 1118856)
President Trump commended Mr Musk for his Spacex accomplishments during the launch at Cape Kennedy. He recognizes winners and leaders in US affairs. I hope he fires Dorsey ASAP.
17 people like this.

Reply 2 - Posted by: ROLFNader 4/4/2022 9:00:57 AM (No. 1118888)
Musk ruining Twitter would be even more fantastic....
16 people like this.

Reply 3 - Posted by: BarryNo 4/4/2022 9:26:20 AM (No. 1118916)
The little guy, if a company goes woke, can only drop it and look elsewhere. The Rich man, if he doesn't like what a product or service is doing, can take steps to BUY the Company and change it.
20 people like this.

Reply 4 - Posted by: mobyclik 4/4/2022 9:31:13 AM (No. 1118923)
It'll be an interesting month or two to see what, if any, changes he makes and who gets the boot.
12 people like this.

Reply 5 - Posted by: SkeezerMcGee 4/4/2022 9:33:12 AM (No. 1118927)
There's no reason to assume Musk can fire Dorsey. It would be far better for freedom of speech if Musk and Dorsey get together and in good faith make it Twitter's policy to strictly apply the First Amendment of the U.S. Constitution to Twitter.
12 people like this.

Reply 6 - Posted by: Rich323 4/4/2022 9:55:39 AM (No. 1118951)
Pipe dream #5 It’s Dorsey who yesterday admitted himself that he has screwed up the internet. Dorsey blocking conservatives helped give us Biden and all the rest. Dorsey must go!
12 people like this.

Reply 7 - Posted by: Blizzard 4/4/2022 10:15:49 AM (No. 1118969)
#5...Dorsey is no longer the CEO of Twitter, so no need to fire him. His replacement needs to be deported though.
15 people like this.

Reply 8 - Posted by: padiva 4/4/2022 10:39:27 AM (No. 1118997)
Is Musk a puppet to anyone?
2 people like this.

Reply 9 - Posted by: bigfatslob 4/4/2022 10:55:57 AM (No. 1119014)
Hindsight, Biden should have invited Musk to the electric car conference instead of shunning him. Now Musk can reinstate Trump to Twitter so we can have 'mean tweets' again. Let's see if Mush will do it.
11 people like this.

Reply 10 - Posted by: jhpeters2 4/4/2022 11:39:35 AM (No. 1119079)
Dorsey benefits unless Musk goes full Mob bust out on twitter - fire sale all assets to recover his investment and cripple the stock to cripple Dorsey. It would be fun to watch.
5 people like this.

Reply 11 - Posted by: TexaTucky 4/4/2022 11:47:31 AM (No. 1119088)
Well, yay on the one hand . . . he's the largest shareholder with 9.2% ownership. On the other hand, though, 90.8% of the ownership is still held by the same crowd that seems to think Twitter's being run just fine as-is. I love white knights and all - assuming they're coming to rescue MY side - but it just ain't kosher that the whims of ANYone in the billionaire class should supersede the guidance of the U.S. Constitution in how corporate America is run.
5 people like this.

Reply 12 - Posted by: Jesuslover54 4/4/2022 11:59:48 AM (No. 1119098)
Gimme a break. Elon Musk just wants to crush Truth Social. He is not a champion of free speech, he is just a champion of Elon Musk.
1 person likes this.

Reply 13 - Posted by: stablemoney 4/4/2022 1:02:38 PM (No. 1119163)
It looks like Twitter WILL be publishing Musk's tweets, without edit or comment.
0 people like this.

Reply 14 - Posted by: LC Chihuahua 4/4/2022 1:24:27 PM (No. 1119175)
I keep wondering if Musk is positioning himself for a future Presidential run. He seems to have been turned off by current events. Both inside and outside of government.
0 people like this.

Reply 15 - Posted by: WV.Hillbilly 4/4/2022 3:05:08 PM (No. 1119220)
#14 Musk was born in South Africa. He's not eligible to run even if he is an African American,
3 people like this.

Reply 16 - Posted by: Kumoan 4/5/2022 1:50:26 PM (No. 1120146)
Just had a thought...if there was a sudden [ahem] need for a large number of electric chairs at a large, secure federal institution, who better than Mr Musk to design and deliver them?
0 people like this.

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