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Elon Musk has taken a 9.2% stake in Twitter Inc., every week after hinting about plans to shake up the social media platform.
Twitter shares rose about 26% in pre-market buying and selling, after a regulatory assertion Monday on Musk shopping for the stake.
Musk, 50, polled his greater than 80 million followers on Twitter final month, asking them whether or not the corporate adheres to the ideas of free speech. After greater than 70% stated no, he requested whether or not a brand new platform was wanted and stated he was giving severe thought to beginning his personal platform.
Musk has been one of many largest personalities on Twitter, and has repeatedly run into hassle on the platform. The Tesla Inc. chief government officer is at the moment looking for to exit a 2018 cope with the US Securities and Alternate Fee which limits his Twitter posts in regards to the electrical automotive maker.
© 2022 Bloomberg
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