Elon Musk’s Twitter Investment Has Grown by $800 Million in Just One Day
thewrap.comdisclosed in a Securities and Exchange Commission filing that Musk had become its biggest shareholder. The early-morning news was embraced by Wall Street, which boosted shares to their highest level since last November and lifted the social media giant’s market cap to $40.01 billion.Musk’s investment follows his public criticism of the platform’s content moderation policies.
Last month, he even suggested that he might create his own social network. Although details are short on Musk’s exact plans for Twitter, he has been vocal about the platform failing to uphold its free speech policies.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/aPS9ycji37On March 25, Musk tweeted: “Free speech is essential to a functioning democracy.
Do you believe Twitter rigorously adheres to this principle?” More than 70% of some 2 million users on Twitter responded, “No.”Musk has been critical of Twitter in the past, and of the SEC after he tweeted in 2018 about having secured funding to take Tesla private at $420 a share.
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