{"id":59623,"date":"2022-04-05T14:40:27","date_gmt":"2022-04-05T11:40:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59623"},"modified":"2025-09-04T22:53:00","modified_gmt":"2025-09-04T19:53:00","slug":"elon-musk-acquires-9-2-stake-in-twitter","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elon-musk-acquires-9-2-stake-in-twitter\/","title":{"rendered":"Elon Musk acquires 9.2% stake in Twitter"},"content":{"rendered":"<p>American billionaire Elon Musk has become the largest shareholder of Twitter, buying 9.2% of the social network&#8217;s shares for $2.89 billion. <a href=\"https:\/\/www.cnbc.com\/2022\/04\/04\/twitter-shares-soar-more-than-25percent-after-elon-musk-takes-9percent-stake-in-social-media-company.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CNBC<\/a> reports.<\/p>\n<p>Against the backdrop of the deal, Twitter&#8217;s shares rose about 25%.<\/p>\n<p>Musk will join the company&#8217;s board for two years. During that period his stake in Twitter cannot exceed 14.9%.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">11 April 2022 | 13:09<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>According to the company&#8217;s chief executive Parag Agrawal, Musk has decided not to join the board.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. <a href=\"https:\/\/t.co\/lfrXACavvk\">pic.twitter.com\/lfrXACavvk<\/a><\/p>\n<p>\u2014 Parag Agrawal (@paraga) <a href=\"https:\/\/twitter.com\/paraga\/status\/1513354622466867201?ref_src=twsrc%5Etfw\">April 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<p>The purchase followed Musk&#8217;s criticism of the social network&#8217;s free-speech policy.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Given that Twitter serves as the de facto public town square, failing to adhere to free-speech principles fundamentally undermines democracy,<\/p>\n<p>What should be done? <a href=\"https:\/\/t.co\/aPS9ycji37\">https:\/\/t.co\/aPS9ycji37<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507777261654605828?ref_src=twsrc%5Etfw\">March 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Given that Twitter serves as a de facto public town square, failing to adhere to free-speech principles fundamentally undermines democracy,&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>Alongside the comment, Musk launched a poll: &#8220;Do you believe Twitter rigorously adheres to this principle [free speech]?&#8221; More than 70% of the 2 million participants voted negatively.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Free speech is essential to a functioning democracy.<\/p>\n<p>Do you believe Twitter rigorously adheres to this principle?<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507259709224632344?ref_src=twsrc%5Etfw\">March 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, Musk had repeatedly urged developers of the platform to open-source the algorithms shaping the home feed.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The algorithm needs to be open source<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507040850622271497?ref_src=twsrc%5Etfw\">March 24, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He also weighed the idea of a platform of his own, seriously considering it.<\/p>\n<p>Earlier in January, Musk <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-criticises-twitter-over-nft-integration\">criticised Twitter<\/a> for integrating NFTs.<\/p>\n<p>In the same month, the billionaire pledged <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-vows-to-prevent-a-machine-uprising\">not to countenance a machine uprising<\/a>.<\/p>\n<p>In March, Musk <a href=\"https:\/\/u1f987.com\/en\/news\/tesla-places-artificial-intelligence-at-the-heart-of-its-long-term-development-plan\">incorporated artificial intelligence into Tesla&#8217;s global strategy<\/a> for Tesla&#8217;s development. Subscribe to ForkLog AI on <a href=\"https:\/\/www.tiktok.com\/@forklogai\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">TikTok<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American billionaire Elon Musk has become Twitter&#8217;s largest shareholder, buying 9.2% of the social network&#8217;s shares for $2.89 billion.<\/p>\n","protected":false},"author":1,"featured_media":59624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1217,40],"class_list":["post-59623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-elon-musk","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59623"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59623\/revisions"}],"predecessor-version":[{"id":59625,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59623\/revisions\/59625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59624"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}