{"id":426330,"date":"2022-04-04T14:53:22","date_gmt":"2022-04-04T11:53:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musk-buys-9-stake-in-twitter-days-after-criticizing-it\/"},"modified":"2022-04-04T14:53:22","modified_gmt":"2022-04-04T11:53:22","slug":"elon-musk-buys-9-stake-in-twitter-days-after-criticizing-it","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musk-buys-9-stake-in-twitter-days-after-criticizing-it\/","title":{"rendered":"#Elon Musk buys 9% stake in Twitter \u2014 days after criticizing it"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3874c63dda4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3874c63dda4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/elon-musk-buys-9-stake-in-twitter-days-after-criticizing-it\/#%E2%80%9CElon_Musk_buys_9_stake_in_Twitter_%E2%80%94_days_after_criticizing_it%E2%80%9D\" >&#8220;Elon Musk buys 9% stake in Twitter \u2014 days after criticizing it&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CElon_Musk_buys_9_stake_in_Twitter_%E2%80%94_days_after_criticizing_it%E2%80%9D\"><\/span>&#8220;Elon Musk buys 9% stake in Twitter \u2014 days after criticizing it&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Elon Musk is taking a 9.2% stake in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> just days after Tesla\u2019s billionaire CEO criticized the social network for stifling free speech and publicly mused about creating a rival platform.<\/p>\n<p>An SEC filing revealed on Monday that Musk \u2014 the world\u2019s richest person with a fortune of more than $287 billion, according to Forbes \u2014 bought some 73.5 million shares of the company, which are worth an estimated $2.89 billion.<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> of the acquisition sent shares of Twitter soaring by more than 25% in pre-market trading on Monday.<\/p>\n<p>Musk has been raising questions about the ability to communicate freely on Twitter, tweeting last month about\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1507259709224632344?s=20&amp;t=KMQDHsudROOMuDc19OcpFA\" class=\"\">free speech<\/a>\u00a0and the social media platform.<\/p>\n<p>\u201cFree speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?\u201d he tweeted.<\/p>\n<p>The next day, Musk took it a step further, writing: \u201cGiven that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?\u201d<\/p>\n<p>In a\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" class=\"\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1507907130124222471\">separate tweet<\/a>, Musk said that he was \u201cgiving serious thought\u201d to creating a new social media platform.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/elon-musk-76.jpg?w=1024\" alt=\"Musk's acquisition comes just a week after he publicly mused about creating a rival platform to take on Twitter.\" class=\"wp-image-21768910\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/elon-musk-76.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/elon-musk-76.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/elon-musk-76.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Musk\u2019s acquisition comes just a week after he publicly mused about creating a rival platform to take on Twitter.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Tech giants like Twitter, Facebook, Google, and Amazon have been accused by some conservatives and free speech advocates of banning users with unpopular views.<\/p>\n<p>Then-Twitter CEO Jack Dorsey said last year that his company erred when it\u00a0censored a New York Post article about Hunter Biden\u2019s laptop\u00a0in the weeks leading up to the presidential election.<\/p>\n<p>Former President Donald Trump, who was kicked off the large social media platforms immediately following the Jan. 6 Capitol riots, launched his own network, Truth Social, which bills itself as a conservative-friendly alternative to Twitter.<\/p>\n<p>It\u00a0rocketed to the number-one spot\u00a0on Apple\u2019s free apps chart when it was made available for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">download<\/a> in February \u2014 days after\u00a0Trump made his only post on the site, telling fans that \u201cyour favorite president will see you soon.\u201d\u00a0<\/p>\n<p>But a combination of technical glitches, a lengthy waiting list to join, a collapse of the share price, and Trump\u2019s apparent disinterest in posting messages has marred the app\u2019s rollout.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/twitter-47.jpg?w=1024\" alt=\"Shares of Twitter soared by more than 25% in pre-market trading on Monday.\" class=\"wp-image-21768912\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/twitter-47.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/twitter-47.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/twitter-47.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Shares of Twitter soared by more than 25% in pre-market trading on Monday.<\/figcaption><figcaption><span class=\"credit\">NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<p>Musk, who is also the CEO of the SpaceX rocket company, has also gotten in trouble for his itchy Twitter fingers.<\/p>\n<p>Last month, the Securities and Exchange Commission on Tuesday filed papers in Manhattan federal court that noted the Tesla CEO was bound by a 2018 agreement to get permission in advance if he wished to tweet certain posts.<\/p>\n<p>Tesla said that this past November, the SEC sought \u201cinformation on our governance processes around compliance\u201d with\u00a0a September 2018 settlement\u00a0between the company and the regulatory agency.<\/p>\n<p>The subpoena\u00a0was issued just 10 days after Musk\u00a0triggered a stock sell-off\u00a0when he asked his Twitter followers\u00a0if he should sell 10% of his stake in the company.<\/p>\n<p>Tesla\u2019s stock price dipped by some 16% over the course of the two days of trading that followed the tweet.<\/p>\n<p>As part of the settlement between Tesla and the SEC, Musk agreed to step down as chairman and to appoint independent members to the company\u2019s board of directors.<\/p>\n<p>He also agreed to pay $20 million while the company kicked in another $20 million in fines. The SEC said Musk agreed to \u201cestablish a new committee of independent directors and put in place additional controls and procedures to oversee [his] communications.\u201d\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/04\/elon-musk-buys-9-stake-in-twitter-days-after-criticizing-it\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Elon Musk buys 9% stake in Twitter \u2014 days after criticizing it&#8221; Elon Musk is taking a 9.2% stake in Twitter just days after Tesla\u2019s billionaire CEO criticized the social network for stifling free speech and publicly mused about creating a rival platform. An SEC filing revealed on Monday that Musk \u2014 the world\u2019s richest&#8230;<\/p>\n","protected":false},"author":1,"featured_media":426331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/elon-musk_20.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[127543,71016,39394,73816,36402,10401],"class_list":["post-426330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-4-22","tag-cancel-culture","tag-elon-musk","tag-free-speech","tag-tesla","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/426330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=426330"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/426330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/426331"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=426330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=426330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=426330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}