According to a 13G filing released today, Musk now owns 9.2 percent of the social network. Musk bought the stake on March 14th. Musk has long been one of the highest profile users on the platform and recently asked his 80 million followers about the platform's adherence to free speech. In pre-market trading, the share price was up over 25 percent.
The closing price of Musk's Twitter stock was more than $2 billion, according to CNBC. Musk's shares are classified as a passive stake, but an analyst told CNBC that the purchase could lead to a takeover.
Free speech is essential to a functioning democracy. The consequences of this poll will be important, the CEO asked, before noting that the principle of rigorously adhering to it will be important.
The consequences of this poll will be important. Please vote carefully.
— Elon Musk (@elonmusk) March 25, 2022
Musk asked whether a new platform was a new platform, after failing to adhere to free speech principles. It appears that these comments came after Musk bought a stake in the micro-blogging site.
Musk claimed that Starlink had been told by some governments to block access to Russian news sources.
Musk's use of social media has gotten him into hot water. He bragged about securing the funds to take the company private if it reached $420 a share. Musk was forced by the Securities and Exchange Commission to have the lawyers of the company pre-approve any statements about the company's financial health, sales, delivery numbers, and more.