April 4, 2022
OPINION: This article may contain commentary which reflects the author’s opinion.
Tesla CEO Elon Musk is having some fun after he bought a 9.2% stake in Twitter, making him the largest shareholder of the left-leaning social media platform.
“Musk owns 73.5 million Twitter shares, valuing his passive stake in the company at up to $2.9 billion based on the stock’s Friday close. The shares are held by the Elon Musk Revocable Trust,” Newsmax reported.
“Musk, a prolific user of Twitter, has over 80 million followers on the site since joining in 2009 and has used the platform to make several announcements, including teasing a go-private deal for Tesla that landed him in regulatory scrutiny. He, however, has been critical of the social media platform and its policies of late and has said the company is undermining democracy by failing to adhere to free speech principles,” the report added.
Soon after the news on Monday went viral on social media, Musk tweeted: “oh hi lol.”
Many social media users reacted to the news, with Republicans supporting the move and others not too happy about it.
The move comes after Musk put up a poll asking his followers if they believed that Twitter did a good job of adhering to free speech principles.
“Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” the 50-year-old asked. “The consequences of this poll will be important. Please vote carefully.”
“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?” he asked, following up, “Is a new platform needed?”
Over 2 million people voted in Musk’s poll, which found that 70% of users said they did not think Twitter was protecting free speech principles and rights.