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How Much Did Elon Musk Spend on Twitter in 2018?
Elon Musk made a fortune from Oracle, a company he founded, but his decision to purchase Twitter arose from ideological reasons. The telco billionaire is an ardent supporter of Donald Trump, and has called the recent ban of Trump on Twitter a mistake, and vows to reverse it. The decision was framed in ideological terms, and has been controversial ever since.
Elon Musk’s 9.2% stake in twitter
Tesla Inc. CEO Elon Musk has purchased a 9.2% stake in Twitter Inc., which is worth $3 billion. The stock price rose 25% in premarket trading on the news. To see also : How to Change Username in Twitter. Twitter shares are the most valuable publicly traded company and Elon Musk has a long history of criticism. He recently questioned the freedom of speech in a poll of his 80 million followers. This news has caused Twitter’s share price to spike more than 25% in premarket trading.
While Musk hasn’t said publicly if he is buying Twitter, he’s hinted at the possibility of building a competing social media platform. In March, he conducted a Twitter poll, and 70 percent of its two million users said “no” to free speech. Musk called Twitter a de facto “public town square” and claimed that the social media giant was not upholding the principles of free speech and democracy.
While Musk’s stake is low, analysts are skeptical of his long-term plans. He has discussed the First Amendment and plans to create his own social media network, but industry analysts are skeptical of his long-term plans. In any case, he should keep in mind that his Tesla shares could get a big boost as he works on it. However, investors shouldn’t be surprised if he’s merely a “short-term” investor.
Cost to Twitter
The new CEO of Tesla and SpaceX, Elon Musk, has floated the idea of a cost to Twitter in a recent tweet. However, Musk did not clarify whether this would apply to corporate accounts as well as individual users. Read also : How to Fix Twitter Not Working on Your Device. While Musk has a reputation for being unpredictable, he has been said to have some fans among Twitter’s rank-and-file. If that is the case, Twitter users should not be surprised if the company eventually does charge a fee.
The company is still weighing whether to pay the costs of the acquisition based on their estimates of how much time it takes to weed out spam accounts. Elon Musk’s claims are largely inaccurate, largely because Twitter hasn’t been willing to reveal details on the number of fake accounts. Nonetheless, the company estimates that less than five percent of daily users are spam, but warns that it could be much higher. Musk estimates that up to 20 percent of accounts on Twitter are fake. But Twitter says that its estimates are based on private data that it cannot share.
Some people are skeptical about Musk’s plans to make Twitter pay for itself. His tweets are not always clear, but they are filled with witty references. In one recent tweet, Musk joked about Coca-Cola and said he is buying the company in order to put back cocaine. He also stated his plans to change the name of Twitter. Adding “w” to the name of the social network was an apparent joke aimed at attracting users. While Musk did not respond to our request for comment, Reuters reported that Musk told bankers that he would look into monetizing the tweets. He also promised to reduce board and executive compensation.
Influence of elon musk on twitter
One of the most influential voices on Twitter in 2018 is Elon Musk, who has over 21 million followers. He’s always eager to engage with his followers and will reply to anyone who @s him. To see also : How to Find Out Who Follows Who on Twitter. He’s also used Twitter to flex his creative muscles and has not yet stopped tweeting. Here’s what to expect from Musk in 2018.
Elon Musk has become Twitter’s largest shareholder. He bought a 9.1% stake and is scheduled to serve as a director until 2024. Twitter does not consider him a top-tier director, so Musk’s stake will be restricted to 14.9% or less of the company’s common stock. His influence is huge, and he has even used his platform to manipulate stock prices. In fact, he’s been so influential that he’s sparked a lawsuit by Tesla Motors shareholders for failing to disclose his stake.
The influence of Elon Musk on Twitter goes beyond the tech industry. The billion-dollar value of Tesla’s shares has been directly linked to his tweets on Twitter. But Elon Musk’s influence extends beyond Tesla, which has benefited from direct access to the public and the ability to monetize its value. On the other hand, when Trump was on Twitter, he created billions of dollars in market moves. However, Twitter did not make a cent from Trump’s tweets.
