Elon Musk has finally answered to his opinion poll on twitter by buying most of twitter
Elon Musk has purchased a significant interest in Twitter.
According to a filing with the US Securities and Exchange Commission, the billionaire purchased 9.2% of the company for over $3 billion.
Twitter’s stock jumped more than 25% in premarket trading after the announcement.
With over 80 million followers, Mr Musk is one of Twitter’s most popular users. He’s also a prolific user, utilising his account to share memes and provide updates on his life and businesses.
Those tweets, on the other hand, have caused Mr Musk problems in the past. For example, in 2018, he tweeted that Tesla will go private, kicking off a period in which he was investigated by the SEC and lost his job as chairman of the firm.
Mr Musk has been using his Twitter account in recent weeks to talk about Twitter and the regulations that govern it.
He tweeted on March 24 that he was “worried about de facto bias in ‘the Twitter algorithm’ having a huge effect on public conversation,” and included a poll asking his followers to vote on whether the algorithm should be open source.
He tweeted the next day that “free expression is important to a functioning democracy,” and asked his followers if they thought “Twitter rigidly conforms to this concept.” He asked followers “what should be done” after 70.4 percent of answers said it didn’t.
Mr Musk bought his Twitter shares before those posts – according to SEC filings, he did so on March 14 – but they were only revealed today.