Elon Musk bought himself a $2.9 billion chunk of Twitter last month, amounting to about a 9.2 percent stake in the company. That’s four times as much as is currently owned by Twitter founder and former CEO Jack Dorsey.
A new filing with the Securities and Exchange Commission reports that Musk purchased 73,486,938 shares of Twitter on March 14. Barely two weeks later, Musk went on his social media pedestal to pontificate about Twitter’s supposed hypocrisy regarding “free speech,” going so far as to argue that the site “fundamentally undermines democracy.” The Tesla and SpaceX CEO immediately followed up with a tweet asking his 80 million followers, “Is a new platform needed?” before declaring “Seize the memes of production!” a day later.
