According to the security and exchange commission, the shares were bought by Elon Musk Revocable Trust. Elon Musk has become a partner of Passive Stake. A passive stack means that even if that stack is a partnership, it has no direct role in running the company
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Tesla and SpaceX CEO Elon Musk bought a 9.2 per cent stake in Twitter Inc. As a result, Twitter's share price rose nearly 26 percent in the stock market as soon as the market opened on Monday. Just a few days ago, he expressed his views on the microblogging platform.
The Twitter CEO is very active on the microblogging site Twitter. Express your opinion on any subject. He also posted memes on his account at different times.
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The shares were bought by the Elon Musk Revocable Trust, according to the Security and Exchange Commission. Elon Musk has become a partner of Passive Stake. A passive stack means that even if that stack is a partnership, it has no direct role in running the company.
A few days ago, Elon Musk posted a poll. "Do you think there is freedom of speech on social media platforms? In response, about 70.4 per cent of the general followers think that there is no freedom of speech on social media," he wrote. Also, 29.6 per cent think yes, there is freedom of speech on Twitter. A total of 4.33 million votes were cast.
Exactly 24 hours later, Elon Musk lashed out at Twitter's algorithm. There, he said, Twitter's algorithm should be made public.
Even Twitter founder Jack Dorsey expressed his views in that tweet. There he retweeted Elon Musk's tweet, saying that everyone should know which algorithm will be used.
I hope you understand why Elon Musk struck a deal to buy Twitter for $44bn. If you have any queries about this please comment to us or mail us.
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