{"id":13291,"date":"2022-04-04T14:45:14","date_gmt":"2022-04-04T14:45:14","guid":{"rendered":"https:\/\/goodmorningkenya.com\/wp\/?p=13291"},"modified":"2022-04-04T14:51:43","modified_gmt":"2022-04-04T14:51:43","slug":"tesla-ceo-elon-musk-acquires-largest-shares-in-twitter","status":"publish","type":"post","link":"https:\/\/goodmorningkenya.com\/wp\/?p=13291","title":{"rendered":"Tesla Ceo Elon Musk acquires largest shares in Twitter."},"content":{"rendered":"\n<p>The news sent Twitter shares soaring about 25% in pre-market trading.<\/p>\n\n\n\n<p>The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission.<\/p>\n\n\n\n<p>The stake is worth $2.89bn (\u00a32.20bn), based on Twitter&#8217;s closing price on Friday.<\/p>\n\n\n\n<p>The stake makes him one of the largest shareholders in the company and is more than four times the 2.25% holding of Twitter founder Jack Dorsey.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><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. <br><br>What should be done? <a href=\"https:\/\/t.co\/aPS9ycji37\">https:\/\/t.co\/aPS9ycji37<\/a><\/p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507777261654605828?ref_src=twsrc%5Etfw\">March 26, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Musk is a regular Twitter user with more than 80 million followers, although recently he said he is giving &#8220;serious thought&#8221; to building a new social media platform.<\/p>\n\n\n\n<p>Late last month Musk asked his followers whether they thought the social media platform encouraged free speech.<\/p>\n\n\n\n<p>&#8220;Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?&#8221;<\/p>\n\n\n\n<p>He then asked: &#8220;Is a new platform needed?&#8221;<\/p>\n\n\n\n<p>The BBC is not responsible for the content of external sites.View original tweet on Twitter<\/p>\n\n\n\n<p>He regularly uses Twitter to share updates from the companies he owns &#8211; including SpaceX and Neuralink. He is also known for sharing memes, adding to his popularity among fans.<\/p>\n\n\n\n<p>But some posts have drawn controversy.<\/p>\n\n\n\n<p>Last year he tweeted in response to a claim, made by the head of the UN World Food Programme (WFP), that just 2% of Mr Musk&#8217;s wealth could help to solve world hunger.<\/p>\n\n\n\n<p>In October, Mr Musk said he would sell $6bn in Tesla stock and donate it to the WFP, provided it could describe &#8220;exactly how $6bn will solve world hunger&#8221;.<br><\/p>\n\n\n\n<p>Who is Elon Musk? Meet the meme-loving magnate behind SpaceX and Tesla&#8230;published in 2021<\/p>\n\n\n\n<p>Mr Musk saw the valuation of his Tesla car company surpass a market value of $1 trillion last autumn, making it the fifth such firm to reach the milestone, after Apple, Microsoft, Amazon and Google-owner Alphabet.<\/p>\n\n\n\n<p>Soon after he took to Twitter to ask users if he should sell a 10% stake in the electric carmaker.<\/p>\n\n\n\n<p>More than 3.5 million Twitter users voted, with nearly 58% voting in favour of the share sale leading to&nbsp;Musk selling around $5bn (\u00a33.7bn) of shares&nbsp;in the firm in November<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news sent Twitter shares soaring about 25% in pre-market trading. The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission. The stake is worth $2.89bn (\u00a32.20bn), based on Twitter&#8217;s closing price on Friday. The stake makes him one of the largest shareholders in the company and is &hellip;<\/p>\n","protected":false},"author":6,"featured_media":13293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,1,20],"tags":[],"class_list":["post-13291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tie-business","category-news","category-tie-tech"],"_links":{"self":[{"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/13291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13291"}],"version-history":[{"count":1,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/13291\/revisions"}],"predecessor-version":[{"id":13292,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/13291\/revisions\/13292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=\/wp\/v2\/media\/13293"}],"wp:attachment":[{"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodmorningkenya.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}