After the deal, Twitter shares rose by 25% in the premarket. Earlier, Musk launched a survey among his Twitter followers on whether the platform adheres to the principles of freedom of speech. 70% of the respondents said: "No."
It became known that Elon Musk bought 9.2% of the shares of the social network Twitter in March. According to Reuters, the entrepreneur has become the largest shareholder of the platform.
The value of the transaction is about three billion dollars. Against this background, the company's shares rose by 25% in the premarket. Earlier, Musk stated that he wants to create his own social network.
At the end of March, the businessman launched a survey on Twitter and asked if this platform, according to users, adheres to the principle of freedom of speech. Musk added that the consequences of the survey will be significant, but did not specify what exactly it is about. As a result, about two million people voted, 70% of whom responded negatively.
Experts note that for Musk, freedom of speech is a hot topic, because he has repeatedly displeased American regulators due to the fact that his Twitter posts strongly influenced the stock market.
For example, for his 2018 message about his intentions to buy back Tesla shares at a price of $ 420 apiece, the entrepreneur had to pay a fine of $ 20 million, and another $ 20 million was a fine for Tesla.
Is Musk's deal related to his plans to create his own social network? Comments on the marketing director of Brand Analytics Vasily Cherny:
Vasily Cherny. Marketing Director of Brand Analytics.
"The option of creating your own social network is a much, much more complex option. And even if you don't get it out of your head, the first step is to buy a part of Twitter shares in order to gain access to the inner life of social networks, to documents, to technological processes, the potential to influence the adoption of certain decisions — this seems very much as the first step on the way to creating a social network. logical. Moreover, I think that it may not come to creating his own network if Musk gets involved in the Twitter story and if he manages to somehow influence this story. In terms of technology, Musk will not now offer some things, some innovations, the pain point, in fact, for Musk is now precisely the issue of freedom of speech. Twitter is still a very powerful platform, a powerful platform specifically for the American region, that is, for America it is a social network, if not number one, at least it is really among the leaders. Facebook, if you remember, Musk left Facebook at one time (Meta, which owns Facebook, is recognized as extremist and banned in Russia. — BFM), but Facebook doesn't like the Mask, it's such a heavy network that offers many different opportunities, and Musk is a media person in this sense, fast. For him, Twitter is closer in spirit, and I think he is quite satisfied with the functionality that he has now."
In early March, Elon Musk refused to block Russian media on Starlink satellites. The businessman added that he would do it only "at gunpoint" because he is an absolutist of freedom of speech.
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