Elon musk face on blue background with twitter logo

Elon Musk buys 9,2% of Twitter shares for $2,89 billion f15w

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Purpose of Elon Musk's purchase of Twitter shares is still unknown, but billionaire has already caused change in the social media market

Elon Musk is one of the entrepreneurs that most use the Twitter and the 14th of March was important for the founder of Tesla e SpaceX. At the price of US$ 2,89 billion (R$ 13,40 billion in direct conversion), Musk now owns 73.486.938 shares of Twitter, which is equivalent to 9,2% of the total. The data is from a US Securities and Exchange Commission (SEC) document, which was discovered by the CNBC. 2i3y5o

The purchase that was made official today (04) has already generated a 25% growth in the shares of the Twitter in the period called pre-market, which precedes the commercialization. More details are expected to be shared as the week begins.

Thereby, Musk becomes one of the largest shareholders of the social network. The real purpose of the purchase is not yet known, but the businessman even told his followers that it was “time to create a new social network”, in addition to being an assiduous critic of the Twitter.

Elon Musk criticized freedom on social media k636k

Even though he is now one of the biggest shareholders of the Twitter, Musk is also one of the s who most criticizes the way the social network acts in relation to freedom. With 80,2 million followers, the billionaire tweeted on March 26 that freedom of expression within the Twitter should be larger, since the “social network serves as a great public square”.

The day before the above tweet, Musk launched a survey on its profile to find out if its followers thought the Twitter followed the principles of freedom of expression. 70,4% of the followers stated that no, the social network does not act as a great channel that allows its s to “post everything”.

Tesla and SpaceX founder is one of the main critics of the blue bird social network (Screenshot: Victor Pacheco/Showmetech)

Jack Dorsey, founder and former CEO of Twitter, considers himself one of those responsible for the centralization of the internet. Dorsey announced his resignation in November last year and worked at Twitter until March of this year, giving way to Parag Agrawal, what was before CTO (Chief Technology Officer or Chief Technology Officer/Technology Manager).

Jacks stated in a tweet posted on April 02nd that "he regrets being one of the promoters of identity discovery in corporations and that it has damaged the internet". Before announcing his departure as CEO of Twitter, the specialist began to invest in the Bluesky, a platform that focuses on being a “social media system that would be decentralized”.

The system for creating other social networks does not yet have a set release date (Photo: Reproduction/Internet)

It may take some time for the release of the Bluesky happen. The main focus is to return the power of freedom to s for the creation of other diverse social networks.

What do you think will happen to the Twitter afters Elon Musk become one of the main shareholders? tell us Comment!

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Sources: CNBC l Insider l The Verge

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