Musk said on Twitter last month that “failure to respect the principles of free speech is fundamentally undermining democracy.”
While Twitter acts as the city’s de facto public plaza, failure to respect the principles of free speech is fundamentally undermining democracy.
What needs to be done? https://t.co/aPS9ycji37
– Elon Musk (@elonmusk) March 26, 2022
Following the news, Twitter shares rose 26% in pre-market trading. The $ 73.5 million value of common stock acquired by Musk was $ 2.89 billion, based on closing price on Friday. According to Bloomberg.
Last week, Tesla’s boss told his more than 80 million followers that he was “seriously considering” building his own social media network. He has not yet written about his participation on Twitter.
Musk is allegedly trying to get away with the deal signed with the SEC in 2018 Limit the number of social media posts that can be shared about Tesla.
Musk isn’t the only American billionaire frustrated with Twitter trying to force change on social media.
Former President Donald Trump’s team created a competitive platform in February called Truth Social. He struggled to sign up and get traffic after a series of technical issues.
Source: Huffpost
