Elon Musk buys nearly 10% of Twitter and asks, “Want an edit button?”

In a cameo in the distant Iron Man 2 — which has been at least 12 years since its premiere — Robert Downey Jr’s Tony Stark waves to Elon Musk who was transforming into a realistic Stark. A decade later, its Tesla cars continued to strive to be the standard for autonomous driving; His company, Space X, builds rockets for NASA after showing them how they can outsmart them with technology that recovers the rocket and doesn’t throw it away. He even made a middle-class flamethrower with his company, The Boring Company.

Elon Musk, a Twitter contributor

As an example of its financial strength not only, one tweet from you on the Internet is enough for a cryptocurrency to instantly move its price or for the company to see a drop in its share price. In fact, Twitter is one of Musk’s favorite networks – and he’s run into many problems with it too.

In 2018, he wrote on Twitter that he had raised money to bring Tesla to the public if it reached $420 a share. With time It turned out that he had not secured funding for the sale, and the Securities and Exchange Commission forced Musk to have Tesla’s lawyers pre-approval of any tweets. About the company’s financial position, sales, delivery numbers, etc.

And since this week, Twitter is also one of his businesses, with Elon Musk acquiring 9.2 shares of Twitter, making him the company’s largest shareholder. Following the official announcement, Twitter shares surged as much as 27% after revealing Musk’s purchase in a regulatory filing on Monday. The gain was the biggest increase in the company’s stock Since the first day of its listing after the initial public offering in 2013.

Musk’s stake, which makes up roughly 10 percent of the company, is worth about $2.89 billion, according to market closes on Friday. Which means that Musk is now 3 billion richer.

freedom of expression

Musk has long been a prominent Twitter user and recently conducted a survey of more than 80 million followers about the platform’s commitment to freedom of expression. Musk has publicly questioned Twitter’s approach to free speech via A survey conducted on his Twitter account on March 25.

“Freedom of expression is essential to the functioning of democracy. Do you think Twitter adheres so firmly to this principle?asked the CEO, before noting in a subsequent tweet that “The results of this survey will be important.”

Edit button, yes please

Musk’s latest post has been a joke and at the same time has been a serious question ever since In his latest tweet, the entrepreneur asked if we wanted an edit button, The answers are spelled incorrectly. In 13 hours, more than 2.6 million people voted by an overwhelming majority of 73.4%.

The edit button is something we’ve been asking Twitter for a decade now, since not being able to edit a message and having to delete and retype it is silly in the middle of 2022. Twitter announced that they were working on it, but He said it on the first of April and it was a foolish April joke. Although now Musk, the company’s largest shareholder and significant weight in the social network and influence, is talking about the edit button, that could be a reality sooner rather than later.