Twitter share price

Tesla CEO Elon Musk has taken a big stake in the social media company Twitter, a regulatory filing released Monday showed.

Musk also reached a settlement with the SEC that removed him from the role of chairman at Tesla. Musk is a frequent user of Twitter and has more than 80 million followers on the platform. The purchase comes less than two weeks after Musk criticized the company, polling people on Twitter about whether it adheres to free speech principles.

The purchase makes the Tesla chief executive, who has been critical of Twitter's content moderation policies, its biggest shareholder.

Mr. Musk has criticized the company in recent weeks for failing in his view to adhere to free speech principles, and he has openly considered starting a social network of his own that would be open source. But there was also speculation Monday that he could change the status of his investment, continue buying shares or even try to acquire the company outright, today’s DealBook newsletter reported. Mr. Dorsey, who is friendly with Mr. Musk, is expected to leave the Twitter board in May.

Platform's shares jump after news that Tesla and SpaceX boss holds 9.2% stake.

Musk settled with the SEC, paying a $20m fine and stepping down as Tesla’s chairman, while saying it was “harassment” and an “unjustified action”. The couple had a second child, a girl named Exa Dark Sideræl Musk, via surrogate in December. Musk eventually deleted the tweets and apologised to Unsworth, who sued for $190m in damages for the tweets. Musk has been highly critical of Twitter and only last week said he was “giving serious thought” to building his own social media platform after questioning whether it was adequately supporting free speech. In February, Musk tweeted a meme comparing the Canadian prime minister, Justin Trudeau, to Adolf Hitler, which he deleted after it attracted widespread criticism. After the stock price jump Musk’s shares are now worth more than $3.5bn.

The boss of Tesla and SpaceX, who with more than 80 million followers ranks in the top 10 most popular Twitter users globally, paid $2.89bn for the stake at ...

Elon Musk purchased 73486938 Twitter shares on March 14, according to a US securities filing, later tweeting he was giving "serious thought" to creating his ...

"Free speech is essential to a functioning democracy. Last month, Mr Musk asked a US judge to nullify a subpoena from securities regulators and discard a 2018 court agreement in which he had to have pre-approval of his Twitter posts. Do you believe Twitter rigorously adheres to this principle?" Mr Musk has not spoken specifically about how he would change rules at Twitter, but the social media platform's history of suspensions and bans is well documented. Mr Musk's stake in Twitter is now more than four times the size of Mr Dorsey's, who co-founded the San Francisco company and had been its largest individual shareholder. Tesla CEO Elon Musk has acquired a 9 per cent stake in Twitter, to become its largest shareholder at a time when he is questioning the social media platform's dedication to free speech and the First Amendment.

A multi-billion-dollar investment from Elon Musk sent the Twitter Inc (NYSE: TWTR) share price flying higher last night. Here are the details.

Keep in mind that Elon Musk holds a net worth of approximately US$270 billion. For now, Musk sits atop the Twitter shareholder register with his 9.2% stake. This means the billionaire has the financial capability to make such a move. Specifically, the Twitter Inc (NYSE: TWTR) share price took flight after it was revealed that Elon Musk had taken a sizeable position. Posing a question to his more than 80 million followers, Elon asked: In doing so, the Tesla founder considered whether a new platform is needed while revealing he had given serious thought to starting his own.

Tesla CEO Elon Musk acquired a 9 percent stake in Twitter to become its largest shareholder at a time when he is questioning the social media platform's ...

The SEC also disclosed that it is investigating Musk’s Nov. 6, 2021 tweets that asked followers whether he should sell 10 percent of his Tesla stake. Musk’s revelation about his stake in Twitter shares comes two days after Tesla Inc. posted first-quarter delivery numbers. The funding was far from secured and the electric vehicle company remains public, but Tesla’s stock price jumped. Former President Donald Trump was banned from Twitter and other top social media platforms following the Jan. 6 Capitol riot last year that critics accused him of inciting. The SEC brought a securities fraud charge, alleging that Musk was manipulating the stock price with his posts. Musk could begin advocating for changes at Twitter immediately if he chooses. The ultimate aim of Musk’s 73.5 million share purchase, worth about $3 billion, is not known. It’s unclear just when Musk bought the stake. The SEC responded in a court motion, saying it has legal authority to subpoena Tesla and Musk about his tweets, and that Musk’s move to throw out the settlement is not valid. The purchase also comes as Musk is locked into a bitter dispute with the SEC over his ability to post on Twitter. His lawyer has contended in court motions that the SEC is infringing on the Tesla CEO’s First Amendment rights. Four strikes prompt a weeklong suspension. In March, Musk told his millions of followers on Twitter that he was ” giving serious thought ” to creating his own social media platform, and has clashed repeatedly with financial regulators about his use of Twitter.

Why hello, we didn't see you there. Welcome back to another week and an artisan, small-batch, limited-edition, locally crafted, handmade Daily Crunch for ...

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Social media service Twitter saw its stock surge on Monday because tech thinkfluencer Elon Musk took a 9.2 percent stake in the company.

The more than 333,000 Twitter accounts that "liked" his question, "Is a new platform needed?" Due to the terms of his 2018 SEC lawsuit settlement, Musk must have his tweets approved before posting. And the following day, he offered a Marxist pun, "Seize the memes of production!" "Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," he wrote on March 26. With regard to Musk's Twitter speech poll, 70 per cent of the 2m bots and people freely voted that they do not believe Twitter adheres to the principle of free speech. Musk has made a habit of talking to his audience of 80 million Twitter followers about free speech without really defining what he means by it.