Elon Musk

The billionaire bought 9.2 per cent of the company — worth almost $3 billion, according to a filing with the US Securities and Exchange Commission. “Oh ...

A day later, he tweeted that “free speech is essential to a functioning democracy”, and polled his followers on whether they thought “Twitter rigorously adheres to this principle”. After 70.4 per cent of respondents voted that it did not, he asked followers “what should be done?” Those tweets have however caused problems for Mr Musk in the past. Mr Musk is one of Twitter’s most popular users, with more than 80 million followers.

Elon Musk has taken a 9.2% stake in Twitter to become the platform's biggest shareholder, a week after hinting he might shake up the social media industry.

The Tesla chief executive officer is currently seeking to exit a 201 deal with the U. S. Securities and Exchange Commission that put controls in place related to his tweeting about the electric-car maker. Musk, 50, polled his more than 80 million followers on Twitter last month, asking them whether the company adheres to the principles of free speech. The stake is worth about $2.89 billion, based on Friday’s market close.

Mr Musk purchased approximately 73.5 million shares, according to a regulatory filing on Monday.

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Tesla founder Musk is yet to explain why he has built such a big holding in Twitter, particularly as he was recently critical of the platform's approach to ...

The agreement forces him to have his tweets about Tesla pre-approved by a lawyer to avoid breaking rules around the disclosure of market sensitive information. His legal team has accused the body of trying to curtail Musk's right to free speech. His stake is considered a passive investment which signals he has no demands on a larger slice of the company.

Musk has recently hinted he might shake up the social media industry. Elon Musk Photographer: Getty Images/picture alliance. Telsa CEO Elon Musk, 50, polled his ...

The company has set ambitious revenue and user growth goals to convince skeptical investors that it was serious about expanding its business. The type of form used often indicates the investor isn’t seeking to acquire control of a company, or to influence who controls it. The announcement will be yet another major test for new Twitter CEO Parag Agrawal, who replaced Jack Dorsey after he unexpectedly resigned in November. Agrawal vowed to increase accountability, make decisions faster and to improve product execution. The Tesla Inc. chief executive officer is currently seeking to exit a 2018 deal with the U. S. Securities and Exchange Commission that put controls in place related to his tweeting about the electric-car maker. Musk, 50, polled his more than 80 million followers on Twitter last month, asking them whether the company adheres to the principles of free speech. The gain marked the stock’s biggest intraday increase since its first day of trading following the company’s 2013 initial public offering.

Elon Musk became one of Twitter's largest shareholders after purchasing a 9.2 per cent stake in the comapany amid apparent concerns over 'free speech'

One year before that, Mr Musk called  Vernon Unsworth, who helped to rescue a schoolboy football team trapped in a cave in Thailand in 2018, a “pedo guy” and “child rapist” with no evidence to back up the claim. For Elon Musk specifically, spam accounts attempting to imitate the chief executive to conduct crypto scams is an issue Twitter consistently has to deal with. But private companies are able to filter unsolicited commercial mail in ways the Postal Service cannot, because the USPS is bound by the First Amendment”, Verge editor-in-chief and doctor of law Nilay Patel tweeted. The billionaire has over 80 million followers at the time of writing and has allegedly used the platform for his own gain. In 2020, the billionaire tweeted that “pronouns suck” – an apparent slight against nonbinary and trans people who may put their pronouns in their bio to make conversation easier – only to have musician Grimes, who has two children with the Tesla head, respond: “I love you but please turn off ur phone or give me a dall [sic]. I cannot support hate. Twitter has 77.75 million users in the United States, while the population of the country is 329.5 million.

Tesla and SpaceX CEO Elon Musk has taken an almost $3 billion stake in Twitter, becoming the social media giant's largest shareholder.

In a Tweet, the billionaire said, “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. At the end of last month, Musk had said he was giving “serious thought” to creating a new social media platform after remarking that Twitter doesn’t allow for free speech. Following the stock price jump, Musk’s shares are now worth approximately $3.6 billion.

Mr Musk purchased approximately 73.5 million shares, according to a regulatory filing on Monday.

In a separate tweet, Mr Musk said he was “giving serious thought” to creating a new social media platform. He has been raising questions about the ability to communicate freely on Twitter, tweeting last month about free speech and the social media platform. His stake is considered a passive investment, which means he is a long-term investor looking to minimise his buying and selling of the shares.

Musk's stake in Twitter is considered a passive investment, which means Musk is a long-term investor that's looking to minimize his buying and selling of the ...

Musk's revelation about his stake in Twitter shares comes two days after Tesla Inc. posted first-quarter delivery numbers. Early last month, Musk asked a federal judge to nullify a subpoena from securities regulators and throw out a 2018 court agreement in which Musk had to have someone pre-approve his posts on Twitter. U. S. securities regulators said they had legal authority to subpoena Tesla and Musk about his tweets, and that Musk’s move to throw out a 2018 court agreement that his tweets be pre-approved is not valid. Musk told is more than 80 million followers on Twitter that he was “ giving serious thought " to creating a rival social media platform and has clashed repeatedly with financial regulators about his use of Twitter.

Billionaire Elon Musk has just become Twitter's largest shareholder. Musk, who is the co-founder of PayPal and Tesla, as well as the founder of SpaceX, has bought a 9.2% stake in the social media platform. He purchased approximately 73.5 million shares ...

New cladding on Gwynedd school’s canteen damaged as youths set to receive ‘yellow cards’ New cladding on Gwynedd school’s canteen damaged as youths set to receive ‘yellow cards’ New cladding on Gwynedd school’s canteen damaged as youths set to receive ‘yellow cards’

The Tesla billionaire has become Twitter's biggest shareholder, setting up a potential confrontation between him and the company's new CEO.

Most prominently, Musk and Tesla had to agree to some limits around his Twitter presence in 2018 after Musk tweeted about his intentions to take Tesla private, a suggestion he said he made in jest. The tweet raised questions about whether Musk is following his agreement with the SEC—and whether the poll was really a PR stunt, with Musk having previously decided to sell the stock regardless of its result. “And I've heard equally goodarguments to me that he's kind of already accomplishing what he wants,” turning up the pressure on Twitter management just with his putatively passive shareholding. Elliot disliked that Dorsey had two jobs, one running Twitter and one running Block, the payments company formerly known as Square. The company hopes to reach 315 million active users and $7.5 billion in revenue by the end of 2023, substantially higher than its current figures. Elon Musk, the billionaire Tesla and SpaceX founder, has accumulated a 9.2% stake in Twitter, making him the company’s largest shareholder, according to a new SEC filing.

The ultimate aim of Musk's $2.9 billion share purchase is not clear. Yet in recent weeks Musk has questioned free speech on Twitter and whether the platform ...

SEC attorney Melissa Armstrong called Musk's challenge "frivolous," and pointed out that Musk and Tesla agreed to have his tweets pre-approved by other company officials. But some of the money could have been used to buy the Twitter stake. They seek all written communications concerning the Nov. 6 tweets and whether they were shown to Tesla lawyers for pre-approval. The SEC disclosed that it is investigating Musk's Nov. 6, 2021 tweets that asked followers whether he should sell 10% of his Tesla stake. Early in March, Musk asked Judge Alison Nathan to nullify an SEC subpoena and throw out the settlement agreement. The ultimate aim of Musk's 73.5 million share purchase worth $2.9 billion, based on the closing price Friday, is not clear.

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Tesla CEO and world's most notorious tech billionaire Elon Musk has spent $2.9 billion on a 9.2% stake in Twitter, making him the company's largest ...

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Elon Musk disguised himself in a Zorro mask and went on a Berlin nightclub tour last week to celebrate the opening of a new German Tesla gigafactory.

Elon Musk has polled his 80 million followers about whether they'd like to be able to edit their tweets, after becoming Twitter's biggest shareholder.

Twitter’s former CEO Jack Dorsey said that the company would “probably never” add an edit button in an interview in early 2020. The so-called “edit button” has been one of the most commonly requested features of the social media platform. Twitter’s new CEO Parag Agrawal subsequently quote-tweeted Musk’s poll to say that “The consequences of this poll will be important.

The immutable quality of posts on Twitter has been a hallmark of the platform ever since its launch in 2006 despite recurrent if muted requests for change.

Twitter's new chief executive, Parag Agrawal, quoted the post and said: "The consequences of this poll will be important. It is not clear whether the poll was a genuine request for policy feedback or simply a joke. His stake is considered a passive investment which signals he has no demands on a larger slice of the company - although analysts have cautioned it could ultimately lead to Musk becoming more involved with the running of the business.

Twitter CEO Parag Agrawal retweeted Musk and urged people to “vote carefully” as the consequences “will be important.” Musk posted the poll just hours after his ...

"Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," Musk tweeted March 26. On April 1, or April Fools' Day, Twitter tweeted a message through its official account saying that it was working on an "edit" button. The rise comes hot on the heels of Twitter's best day of trading since its IPO in 2013, with shares surging over 27% on Monday.

The appointment comes after the billionaire entrepreneur and meme poster asked Twitter users whether they wanted an edit button for tweets.

Twitter's new chief executive, Parag Agrawal, quoted the post and said: "The consequences of this poll will be important. It is not clear whether the poll was a genuine request for policy feedback or simply a joke. Welcome Elon!"

“Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet.

It's "time to get out the popcorn and watch the developments over the coming months with Musk on the Board," he said. Musk is an avid Twitter user with more than 80.5 million followers on the platform. Hours after his holding in the company was revealed, Musk took to Twitter to poll users on interest in an edit button. Musk said in a tweet. After the stake was revealed on Monday, investors pushed the stock up 27%, the mark its best day since its IPO. He added that he was considering building a new social media platform.

Appointment comes a day after the Tesla founder took a 9.2pc stake in Twitter.

Tesla and SpaceX boss becomes social media platform's biggest shareholder with 9.2%

Musk settled with the SEC, paying a $20m fine and stepping down as Tesla’s chair, while saying it was “harassment” and an “unjustified action”. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our board,” he said in a tweet. In pre-market trading on Tuesday the shares were up 7% to just under $50, valuing the company at about $40bn.

Tesla chief takes seat a day after it was revealed he had become social media company's biggest shareholder.

Fake accounts promising crypto giveaways have plagued the social network for several years.

Improving the verification system to prove that you’re an actual ‘real’ human would help with this.” One way to make Twitter more secure against such threats is to provide verification marks to official accounts to help distinguish them from fake users, with some popular cryptocurrency accounts already receiving check marks since Mr Musk was announced as Twitter’s largest stakeholder. Shortly after his multi-billion dollar stake in Twitter was disclosed, Mr Musk posted a poll to the platform asking his more than 80 million followers whether they wanted an edit button feature.

Elon Musk is getting a seat on Tesla's board of directors after purchasing a 9.2 percent stake in the company. His term as a board member will run into ...

As noted by CNBC, Musk’s investment could set off more issues with the SEC. The SEC requires anyone with more than a 5 percent stake in the company to disclose their purchase within 10 days. Musk has butted heads with the SEC several times over the content in his tweets. “For so long as Mr. Musk is serving on the Board and for 90 days thereafter, Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company’s common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions.” In a pair of tweets, Twitter CEO Parag Agrawal confirmed Musk’s new role on the board. On Monday, Musk announced via an SEC filing that he’d purchased a 9.2 percent stake in Twitter, despite his complaints about free speech on the platform. This is a type of position that can be used as an anti-takeover measure.

BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, ...

After becoming Twitter's largest shareholder, Elon Musk, Tesla's chief executive, is joining the company's board of directors.

The news sent Twitter’s shares skyrocketing more than 20 percent on Monday. Mr. Musk had been quiet on his intentions for the purchase, which was worth about $2.9 billion before it was disclosed but has risen sharply in value since. Twitter’s stock rose more than 6 percent in premarket trading on Tuesday after the news of Mr. Musk’s board appointment.

Elon Musk is joining Twitter's board of directors, one day after it was disclosed that the Tesla CEO took a 9% stake in the social media platform.

Musk has not spoken specifically about any Twitter rule changes he might push. He has also raised the possibility with his massive and loyal Twitter following, that he could create a rival social media network. Elon Musk is joining Twitter’s board of directors, one day after it was disclosed that the Tesla CEO took a 9% stake in the social media platform

Billionaire businessman Elon Musk will join Twitter's board of directors, an announcement that came just hours after news broke that the Tesla and SpaceX ...

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