what future for the platform?

The inevitable happened. Billionaire Elon Musk has just bought nearly 10% of Twitter shares, and may well not stop there.

The CEO of Tesla and SpaceX adds a new string to his bow. Last week, Elon Musk shared on Twitter his desire to create a social network centered on freedom of expression. Asked by his followers, the businessman had not ruled out buying the blue bird to shape it according to his project.

What had to happen happened. Logically, the richest man in the world has offered a significant part of Twitter. According to a recent report by the Securities and Exchange Commission, Elon Musk reportedly acquired nearly 73,486,938 Twitter shares this weekendwhich equates to approximately 9.2% of the total company.

Will Elon Musk transform Twitter?

In theory, this passive investment should not change anything for Twitter. The social network with the blue bird remains led by Parag Agrawal since the departure of Jack Dorsey, and the boss of Tesla should not occupy a seat on the board of directors of the company. However, it cannot be ruled out that in practice Elon Musk has now its say on the evolution of the social network. Remember that just a few days ago, the entrepreneur challenged freedom of expression on Twitter in a survey of “significant consequences”.

While waiting to find out if Elon Musk plans to transform Twitter in his image, the businessman has already done company stock skyrocketing. The day after its announcement, the price of Twitter had climbed 26% at the opening of the Wall Street stock market, rising to nearly 50 dollars a unit.

With over 80 million Twitter followers and strong social media ambitions, the boss of Tesla is finalizing a project he has been nurturing for quite some time. Asked last week about his ambitions, the businessman said he “thought seriously” to create a new platform. Obviously, buying back his favorite means of expression turned out to be a little easier.

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