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Tesla CEO Elon Musk Buys $3 Billion Stake In Twitter

Elon Musk has become one of the largest stakeholders of Twitter after he bought $2.89 billion worth of shares on 14th March, according to the Securities and Exchange Commission.

The move, that has created a Twitter frenzy and share prices to soar, means Musk now has a stake that is over four times larger than the Twitter founder, Jack Dorsey.

Elon Musk Donates $1Million To Popular YouTuber Mr Beast For #TeamTrees

This has come as a bit of a shock as last month, Musk tweeted asking if a new platform was needed, indicating that he might be starting his own social media platform. 

Musk has over 80 million followers on the social media site and when asking about whether a new platform was needed, he asked if his fans thought they were able to have “free speech” on Twitter.

He said:

“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?”