Twitter added a new member to its family as Elon Musk has now bought over 70 million shares of the company.
Twitter share price soars
The timing couldn’t be any weirder as the millionaire recently called Twitter out for not allowing freedom of speech for its users.
To date, Elon Musk launched a poll on Twitter to ask the users if the platform allows freedom of speech for them. The results came in and most voted that it does in fact not.
If you haven’t kept up with news regarding Elon Musk, he has been in trouble a few times. That is, for posting offensive tweets on Twitter. Some of those have since been deleted.
Elon Musk owns the most shares by far
Currently, Twitter had its share price increased by up to 30 percent since Elon Musk joined in as one of the investors. Thus far, Elon Musk will be able to buy out the company if he wishes to.
As reported by ABC News, Elon Musk had bought his shares on the 14th of March. But details about this were only made available on the 4th of April.
Compared to the founder of the platform, Elon Musk now owns more shares than the previous CEO of the platform. After getting into legal trouble with the platform, Elon Musk hinted at starting his own social media platform.
Right now, Twitter has relayed that Elon will be able to make some changes to the platform. Since he owns a large percentage of shares from the company.