Billionaire tech guru, Elon Musk, has become the largest shareholder at Twitter, after he purchased another 9.2% company shares worth 3billion dollars, barely 1 month he bought 73,486,938 Twitter shares, valued at $2.89bn (£2.20bn).
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The Tesla founder and tech guru, now holds more than four times the 2.25% holding of Twitter founder Jack Dorsey, and the news this, sent Twitter shares soaring about 25% in pre-market trading on Monday, April 4.
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Musk, a regular Twitter user with more than 80 million followers, recently he said he is giving “serious thought” to building a new social media platform, after asking 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?”