Elon is also now the single largest shareholder in Twitter.
Musk has acquired a 9.2% stock in Twitter, becoming its biggest shareholder.
Elon Musk has bought a 9 per cent stake in Twitter, days after complaining about free speech on the social media platform.
Musk now has four times as many shares as Twitter founder Jack Dorsey, who owns 2.25%.
According to the filing, Musk purchased the stake on March 14th. Musk has long been one of Twitter’s highest profile users and recently polled his over 80 million followers about the platform’s adherence to free speech. Twitter’s share price was up over 25 percent in pre-market trading on the news.
According to Industry experts, Musk has already made about $1.2b on the $2.4b he paid for the shares.
Musk had been publicly calling into question Twitter’s approach to free speech via a poll conducted on his Twitter account on March 25th. “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” the CEO asked, before noting in a follow-up tweet that “the consequences of this poll will be important.”
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