Elon Musk snaps up $3bn Twitter stake - Will the rocket man from the land of razor-wire actually be willing to throw his weight around for free speech? Will it matter?

Elon Musk becomes Twitter's biggest shareholder

Tesla boss Elon Musk has bought almost a tenth of the social media platform's shares, worth $3bn.

www.bbc.com

Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing.

The news sent Twitter shares soaring about 25% in pre-market trading.

The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission.

The stake is worth $2.89bn (£2.20bn), based on Twitter's closing price on Friday.

The stake makes him one of the largest shareholders in the company and is more than four times the 2.25% holding of Twitter founder Jack Dorsey.

Musk is a regular Twitter user with more than 80 million followers, although recently he said he is giving "serious thought" to building a new social media platform.

Late last month Musk asked his followers whether they thought the social media platform encouraged free speech.
"Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?"
He then asked: "Is a new platform needed?"

Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.

What should be done? https://t.co/aPS9ycji37
— Elon Musk (@elonmusk) March 26, 2022

The BBC is not responsible for the content of external sites.View original tweet on Twitter

He regularly uses Twitter to share updates from the companies he owns - including SpaceX and Neuralink. He is also known for sharing memes, adding to his popularity among fans.

But some posts have drawn controversy.

Last year he tweeted in response to a claim, made by the head of the UN World Food Programme (WFP), that just 2% of Mr Musk's wealth could help to solve world hunger.

In October, Mr Musk said he would sell $6bn in Tesla stock and donate it to the WFP, provided it could describe "exactly how $6bn will solve world hunger".

Mr Musk saw the valuation of his Tesla car company surpass a market value of $1 trillion last autumn, making it the fifth such firm to reach the milestone, after Apple, Microsoft, Amazon and Google-owner Alphabet.

Soon after he took to Twitter to ask users if he should sell a 10% stake in the electric carmaker.

More than 3.5 million Twitter users voted, with nearly 58% voting in favour of the share sale leading to Musk selling around $5bn (£3.7bn) of shares in the firm in November.

 

[Cubanodun]

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No way in hell is Pajeet being sincere. I'd bet some good BAT this poo in loo is shitting his pants.

He has more shares than him so Elon is on the position of kicking him out

That sounds like giving the Sudetenland to Hitler in the hopes he'd just stop there. Not to compare him to Hitler in any other way than that he has a habit of taking what he wants. If he gets 15% of the company, just dumping that could wreck them overnight.

Something tell me he is going to go for the 15% so he could dickwave the others members in doing his bidding, the board is aware that twitter is a unsalvageable trash fire he doesnt need to get more shares he just need to convince the others that profit can be made by not being open communists, and this coming from the person that main company is valued in the trillions has a lot of weight

To the pajeet Elon is the less of his problems

 

[The best and greatest]

3 billion dollars and THATS what this prick does with it?

 

[DeadwastePrime]

3 billion dollars and THATS what this prick does with it?

ikr im mad he didnt invest more money into making catgirls real

 

[ForTheHoard]

I'm starting a petition for Elon to buy 9.2% of the Kiwi Farms.

 

[derpherp2]

Here's some (literal) Twitter salt:

Nick "Cassie" Rumbaugh, a data scientist at Twitter, is among the employees and contractors very upset that Elon Musk is now the largest stakeholder in Twitter.
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Gerard Taylor, a senior software engineer at Twitter, is concerned about the leftist company culture following Elon Musk becoming the largest shareholder.
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"Looks like I picked a good week to be off," reacts Geri Kidd, a recruiting manager for Twitter, to the news that Elon Musk is now the largest stakeholder in the company.
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Ashna Guliani, a Twitter software engineer, posted a video of a crying woman to show how upset she is over Elon Musk becoming the largest stakeholder in the company.
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"And I still dislike him [Elon Musk]." Haraldur Thorleifsson, who directs creative services for Twitter, states his dislike for Elon Musk after the billionaire became the company's largest stakeholder.
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Thanks to Andy Ngo for compiling these.

Oh no the diversity hires and HR department of what amounts to the deep state's version of a diversity hires are impotently flailing about.


Anyways.

That sounds like giving the Sudetenland to Hitler in the hopes he'd just stop there. Not to compare him to Hitler in any other way than that he has a habit of taking what he wants. If he gets 15% of the company, just dumping that could wreck them overnight.

If they really think giving a retard like Elon concessions is enough - especially since he's proven to be better at playing your little games than any of you combined, then they're really going to be surprised when he starts putting people into the board.

 

[Sweet and Savoury]

Well the left is kinda correct here.

If Elon wants to he could wrek their most useful hugbox pretty quickly. So chimping out is par for the course seeing as how the prog-tards have zero ways to fight this.

If Musk wants to he can bring Twatter to its knees pretty quickly and there is shit the woke can do about.

Personally I hope this is just Elon's version of trolling and that he crushes Twitter's woke brigade beneath his $5000 hush puppies.

 

[Extreme Crusader]

3 billion dollars and THATS what this prick does with it?

 

[Jaimas]

If it weren't for forced platform integration, I doubt I or indeed many Kiwis would use Twitter for anything other than keeping tabs on lolcows.

There's no way this ends in any direction but hilarity.

Maybe if the woketards don't like Twitter under Musk, they should go make their own social media platforms.

 

[Big Scumfuck]

Nobody is removing or even trying to remove porn from the Internet, just pointing out it has ultimately negative effects for everyone involved.

Also lmao coomer cow.

Everything has negative effects if you do it too much, I didn't say that. But acting like it's an epidemic is schizo behavior and a usual indicator of a leftist anti-sex troon or tradcuck rightist grifter. Mucking in people's private lives because you are some censor who constantly uses "think of the children" to justify their beliefs is an automatic cancerous trait to have.
Also that's wrong, there's multitudes of people who have expressed the desire to remove pornography from the internet ever since it first began.

Needless to say, I respect your opinion, despite me thinking it's wrong.

 

[AnOminous]

Not only that, but I don't even think this will stop him from eventually controlling policy and slowly sweeping out the trash on staff.

If that's what he wants to do, a bunch of soy boys can't stop him.

I'm starting a petition for Elon to buy 9.2% of the Kiwi Farms.

He could buy 14.88% as far as I'm concerned.

 

[Snekposter]

3 billion dollars and THATS what this prick does with it?

His motives are beyond our understanding.

He could buy 14.88% as far as I'm concerned.

Well, he's forbidden from buying more than a 14.9% stake in Twitter if that board seat agreement is anything to go by. 14.88% seems a nice place to stop there, then.

 

[TowinKarz]

Called it.

EDIT: didn't expect the crying so soon, though

The wailing and teeth-gnashing within the first 48 hours was completely expected, now, the FUN begins as we get to see possible threats of legal action to remove him/unionize and vote him out or get some kind of FCC probe going that will, somehow, end up with him arrested or something and other such flights of progressive fancy with no legal or realistic chance of happening that they go on when their little fiefdoms suffer a containment breech.

 

[Dave.]

I don't like Elon Musk or his politics, but in all honesty, I can't think of anyone who would do better than him in this situation. There is also that fear he'll get outbid by Bill Gates of all people or some other billionaire who will make the platform worse. I don't know, it's an extreme wait and see for me.

 

[AnOminous]

I don't like Elon Musk or his politics, but in all honesty, I can't think of anyone who would do better than him in this situation. There is also that fear he'll get outbid by Bill Gates of all people or some other billionaire who will make the platform worse. I don't know, it's an extreme wait and see for me.

I'm pretty skeptical of anyone being able to make it any better or worse, but the fallout will still be fun.

 

[SSj_Ness (Yiffed)]

I have little faith he'll actually give a shit longterm. He's just fucking around, rich and somehow bored.

 

[teriyakiburns]

Is child pornography freedom of speech?

Compelled speech isn't free speech. CP, apart from being utterly abusive and damaging to all involved, is a compelled act on the part of the child. Its distribution is also an ongoing harm to the child, compounding the issue. With adults in pornography, there is at least a presumption of consent to participate, making the speech voluntary unless demonstrated otherwise. With a child there can be no such presumption.

I'm pretty skeptical of anyone being able to make it any better or worse, but the fallout will still be fun.

First fun fallout since New Vegas.

Frankly, I'll be happy if he just closes the whole thing down. Twitter needs to die. If he could take down Facebook as well, while he's at it, I'd be most pleased.

 

[Pill Cosby]

I can't wait until some journo (with some actual credibility) does an exposé on Twitter and shows the world how MAPs, Zetas and other degenerates that use Twitter just to fire back at Elon Musk.

 

[Haramburger]

Because he does not appear to react to peer pressure, he is a unknown quantity with no control

A lot of us know what he'll generally do next, because we have a sense of humor and like watching trains go round. It's funny watching these other people panic over nothing though.

 

[teriyakiburns]

A lot of us know what he'll generally do next, because we have a sense of humor and like watching trains go round. It's funny watching these other people panic over nothing though.

Smoke weed, pop an ambien, launch a rocket, hype a new electric car, fall asleep on a big pile of money with many beautiful women?

 

[AnOminous]

I can't wait until some journo (with some actual credibility) does an exposé on Twitter and shows the world how MAPs, Zetas and other degenerates that use Twitter just to fire back at Elon Musk.

I wish Twitter Zetas would meet the irl Zetas.