Elon Musk quietly becomes Twitter’s largest individual shareholder

In a filing with the U.S. Securities and Exchange Commission, Tesla CEO Elon Musk has recently spent $2.89 billion to buy Twitter shares, holding about 9.2% of the shares, becoming Twitter’s largest individual shareholder. Compared with Twitter co-founder Jack Dorsey‘s 2.25% stake, Elon Musk currently has a greater say in Twitter’s service development plans.

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“Elon Musk Dreaming of a Brighter Future” by jurvetson is licensed under CC BY 2.0

Before this, some netizens asked Elon Musk if he intends to build his own social platform, and from this acquisition of shares to become the largest individual shareholder of Twitter, it seems that it will make it easier for Elon Musk to control his right to speak on Twitter in the future. At the same time, Elon Musk has more than 80 million followers, becoming one of the users with full influence on Twitter.

However, the acquisition of Twitter shares may also show that Elon Musk does not plan to build a personal social platform like former US President Trump.

After becoming the largest individual shareholder, whether it will push Twitter to carry out major reforms, or return Twitter to privatization, it does not seem to be a possible development situation at present, but at least it should make Elon Musk speak more freely on the Twitter platform.