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Why Elon Musk Bought 9% of Twitter
Posted
April 7, 2022
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April 7, 2022
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1:01Now PlayingElon now owns 73 million Twitter shares. Check out the video to learn more.
Welcome back to Bold TV with David Grasso. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
Elon Musk has purchased a significant portion of Twitter.
Following his criticism of the social network for censorship on its site, the world's richest man now owns 9% of Twitter's total shares. He owns 73 million shares worth around $3 billion. Elon is now the largest outside shareholder in Twitter, owning four times more than the company's founder, Jack Dorsey.
Elon, of course, is a Twitter user who has advocated for free speech on the platform, referring to it as the de facto public town square. He's also had run-ins with the law in the past as a result of his tweets.
He's also had run-ins with the law in the past as a result of his tweets. We don't know what his ambitions are for the company, but Twitter's stock has risen dramatically since Elon's ownership became public.
What do you think this means for the future of Twitter? Let us know what you think in the comments below!
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