Elon Musk buys 9.2 percent of Twitter amid complaints about free speech

Elon Musk at the opening of Tesla’s German factory. | Photo by Christian Marquardt - Pool/Getty Images

Tesla CEO Elon Musk now owns 9.2 percent of Twitter according to a 13G filing released today, Bloomberg News reports. According to the filing, Musk purchased the stake on March 14th. Musk has long been one of Twitter’s highest profile users and recently polled his over 80 million followers about the platform’s adherence to free speech. Twitter’s share price was up over 25 percent in pre-market trading on the news.

CNBC notes that Musk’s Twitter stocks were worth $2.89 billion based on Friday’s closing price. Musk’s shares are classified as a passive stake, but Wedbush analyst Dan Ives told CNBC that the purchase “could lead to some sort of buyout.”

Musk had been publicly calling into question Twitter’s approach to free speech via a poll...

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