Elon Musk bought 9.2% Twitter shares, the stock surged 25%

What are Elon Musks plans for Twitter?

Elon Musk has purchased a big chunk of Twitters shares with a value clocking in at $2.89 billion. Making him the largest shareholder of the company. When it was revealed in a regulatory filing, the stock surged about 25%.

At March 25th, Elon tweeted a poll asking his followers if they thought that the company adheres to the principle of free speech. After 70% answered no, he asked if there was a need for a new platform and said he was giving it some thought to launch his own social media application.

And all the way back in December when Twitter announced that Agrawal was taking over from Dorsey as CEO. It was a edited picture of Agrawal as the Soviet dictator Joseph Stalin and Dorsey as Soviet secret police head Nikolai Yezhov being pushed into a river.

What does this mean for the future of Twitter? Analyst Dan Ives believes that this might lead to a “more aggressive ownership role.”

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