Less than two weeks after criticizing her, Elon Musk buys a huge stake in Twitter!

Elon Musk announced that he has acquired an idle 9.2% stake in the social networking site Twitter since mid-March.

And the CEO of Tesla bought a giant stake in Twitter, making it the largest shareholder in the social media platform outside the company.

It comes shortly after the company was criticized for failing to uphold the principles of freedom of expression.


Musk currently owns more than 73.4 million Twitter shares, valued at $2.9 billion, based on Twitter's closing price on Friday.

Musk's deal comes less than two weeks after he criticized Twitter and polled his followers on the same platform about whether Twitter adheres to the principles of freedom of expression.

"Given that Twitter serves as a de facto public sphere of expression, failure to adhere to the principles of freedom of expression fundamentally undermines democracy," Musk wrote in a tweet.

Musk wondered what to do about it.

Late last month, Musk also said he was considering building a new social media platform.


While it is classified as a passive share, investors have been bombarding the demand for the stock, which is up 26% in pre-market trading.

For his part, said Wedbush analyst Dan Ives, "Musk could try to take a more aggressive stance on Twitter," and it could lead to some sort of takeover in the end, according to CNBC and Al Arabiya.net.

Ives defended his hypothesis, given what Musk was talking about at least, from a social media perspective.

Musk is a frequent Twitter user and has more than 80 million followers.

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