The largest shareholder: Elon Musk buys 9.2% of Twitter shares

With an investment of 2.89 billion dollars, Elon Musk  becomes the majority shareholder of Twitter .


Elon Musk has become the majority shareholder of the Twitter social network after buying 9.2% of the company’s shares.

According to the registry of the United States Securities and Exchange Commission, Elon Musk paid 2.89 billion dollars for the purchase of 73 million shares of Twitter.

With this purchase, it positions itself ahead of the Vanguard group (8.79%) or Morgan Stanley (8.76%) as the majority investor in the social network, which has seen a 25% growth in the value of each of its actions this Monday morning.

playing with his fans

Elon Musk ‘s act is curious after having slipped the creation of his “own Twitter” through his personal account.

Through tweets, he asked his followers if it was necessary to create their own network where there is “freedom of expression.”

“Since Twitter is a public square, the fact that it does not adhere to the fundamental principles of freedom of expression is a danger to democracy,” the businessman wrote.

Elon Musk has defined himself as an “absolutist of freedom of expression”, an argument he has cited for not censoring Russian news in his satellite internet project in the midst of the war in Europe.

One of the projects that the new CEO, Parag Agrawal , has in his hands is to decentralize Twitter, precisely to combat censorship and the impact of the algorithm, something that Musk may seek to support.