Elon Musk Takes 9.2% Passive Stake In Twitter
NDTV
Elon Musk, a prolific user of Twitter himself, has been critical of the social media platform and its policies of late.
Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed on Monday, sending the micro-blogging site's shares soaring 16% in premarket trading.
Late March, the silicon valley billionaire said he was giving "serious thought" to building a new social media platform.
Musk was responding to a Twitter user's question on whether he would consider building a social media platform consisting of an open source algorithm and one that would prioritize free speech and where propaganda was minimal.
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