High profile tech entrepreneur Elon Musk became Twitter’s largest shareholder on Monday, purchasing approximately 73.5 million shares or 3 Billion US Dollars worth of value in the company.
In a move that has many paying attention, Musk took a 9 percent stake, becoming an active investor and taking a seat on the social media company’s board reported Bloomberg.
Musk had previously openly questioned the platform’s adherence to the principals of free speech and transparency, even going so far as to ask his 80 Million followers if he should intervene and build an alternative or even buy the social media giant.
Some prominent voices have came out in support of the move, including former CEO Jack Dorsey, others have questioned his motivations.
Twitter announced on Wednesday it was trialing an edit function after Musk polled his followers for their input on the long awaited feature ABC News reported.
For many, this news comes as a a sign that the social media platform will be taken in a different direction that prioritises open discussion and debate, with growing fears that the platform was fostering a partisan and increasingly ideological culture.
Already the world’s richest person, Musk has since made a $1.1 billon dollar profit on his holding as Twitter shares surged as much as 27% after the purchase was announced Aljazeera reported.
Drew Roller is a Filmmaker, Musician and stay at home dad. He enjoys films about sword swinging immortals, 90s games about British spies and long conversations online that push at the boundaries of polite conversation.