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Republicans PRAISE Elon Musk For 'stepping Up' To Buy Stake In Twitter
4-06-2022, 11:12 | Автор: FRCMaryellen | Категория: Журналы
Twitter CEO Parag Agrawal appeared to endorse a poll shared to the platform by Elon Musk asking if the company should finally implement an edit button - a statement that comes just hours after the Tesla leader acquired a 9.2% stake in the social media giant.  
'The consequences of this poll will be important,' Agrawal tweeted. 'Please vote carefully.'
Musk's original tweet asked 'Do you want an edit button?' It's a project that eagle-eyed users noted was already in the works by the social media giant. 
Agrawal's post even mirrored the language of  Musk posted days after acquiring his large stake in the company - but before news of the purchase had been made public. 
Twitter did not respond to a request for comment from DailyMail.com about Agrawal's statement.
The March 14 acquisition, disclosed Monday in a Securities and Exchange Commission filing, makes Musk[url=/sciencetech/elon-musk/index.html] 
Twitter's largest shareholder - but it's unclear how much power the minority stake will give the Tesla CEO over Twitter's day-to-day decision making. 
He has criticized the platform in the past for stifling free speech - and been admonished for his own Twitter posts by regulators. 
Minority stake or not, some experts expect Musk to use his block of shares to influence the company towards a open model with fewer content moderation measures. 
"Specifically, Musk could seek to influence the openness of the platform and how it controls content or push to invest in the subscription model more aggressively," Ali Mogharabi, an analyst for financial services firm Morningstar, said in an investors note on Monday. 
Elon Musk's decision to snap up the large stake in his favorite social media platform is already paying off after Twitter's share price soared more than 27% on the news Monday -[/img]
Twitter CEO Parag Agrawal appeared to endorse a poll shared to the platform by Elon Musk asking if the company should finally implement an edit button






Twitter shares soared 27% Monday after it was disclosed Tesla CEO Elon Musk purchased a 9.2% stake in the company

 Republican
Republican lawmakers are already praising Musk for for protecting 'free speech' following the news.
Rep. Lance Gooden (R-Texas), who co-founded the Freedom From Big Tech Caucus, lauded Musk but said his purchase was a warning about the social media giant's 'power.'
'The fact that the world's richest man chose to outright buy Twitter rather than develop a new platform shows Twitter's monopoly power,' Gooden told DailyMail.com.
'I'm glad Elon Musk is stepping up to protect free speech, but Congress must act to put the rest of big tech in their place.'
Numerous GOP lawmakers have accused Twitter of 'censorship' including 'shadow banning,' which supposedly restricts a user's reach without their knowledge or appearing to do so.
Republican Study Committee Chair Rep. Jim Banks (R-Ind.) posted on Monday, 'If [Elon Musk] can clean up Twitter and stop online censorship, I'm all for him taking over the whole damn thing.'





Pro-Trump Rep. Lauren Boebert demanded that Musk use his money invested in the company to push for a reversal of Donald Trump's permanent suspension











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The news prompted Twitter's stock to soar by more than 26 per cent in pre-market trade before Wall Street opened on Monday






Twitter's share price has rocketed since Musk's investment on March 14

Passive investment is a strategy for slowly building wealth by long-term ownership of stocks rather than engaging in frequent trading, which is often accompanies by additional fees and can be more volatile. 
Ives also told CNBC: 'Musk could try to take a more aggressive stance here on Twitter. 
'This eventually could lead to some sort of buyout. 
'This makes sense given what Musk has at least been talking about, at least from a social media perspective.'  
The shares are held by the Elon Musk Revocable Trust, of which he is the sole trustee. 
On the same day as the filing of the SEC document, Musk challenged Vladimir Putin to a fight on Twitter and posted a meme about supporting current trends.  
The mogul has been raising questions about the ability to communicate freely on Twitter, tweeting last month about free speech and the social media platform.





The mogul has been raising questions about the ability to communicate freely on Twitter, and on March 26 he asked what should be done about Twitter's free speech principles and if a new platform is needed






'Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?' he tweeted.
He accompanied it with a poll on March 25, with 70 per cent of two million users responding that the platform does not adhere to free speech.
Musk said: 'The consequences of this poll will be important. Please vote carefully.'
In a separate tweet, Musk said that he was 'giving serious thought' to creating a new social media platform.
Musk was responding to a Twitter user's question on whether he would consider building a social media platform consisting of an open source algorithm and one that would prioritize free speech and where propaganda was minimal. 





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It means the Tesla co-founder has more than quadruple the shares of Twitter's founder Jack Dorsey (pictured), who owns 2.25 per cent

In 2018, the tech CEO was slammed after calling a British diver who helped rescue a group of Thai boys stuck in a cave a 'pedo'. 
His Twitter posting has also led to accusations of stock manipulation, regularly sharing polls and information about his companies online. 
In August 2018, he wrote that he was 'considering taking Tesla private at $420. Funding secured,' a nod to Musk's well-known interest in marijuana. 
The issue was, he didn't actually have funding secured - but the stock price soared at the time, and it was later revealed that Musk apparently wrote the tweet because he 'thought his girlfriend would "find it funny."' 
He later tweeted how 'high' the stock had gone later in 2019 when it did, in fact, hit $420 a share.
Musk's revelation about his stake in Twitter shares comes two days after Tesla Inc. posted lackluster first-quarter production numbers. 
While the company delivered 310,000 vehicles in the period, the figure was slightly below expectations. 
Musk has been selling his stake in Tesla since November, when he said he would offload 10 per cent of his holding in the electric-car maker. He has already sold $16.4 billion worth of shares since then.
Twitter was the target of activist investor Elliott Management Corp in 2020, when the hedge fund argued its then-boss and co-founder, Jack Dorsey, was paying too little attention to Twitter while also running Square.  
Musk and Dorsey have had some common ground in terms of dismissing the so-called Web3, a vague term for a utopian version of the internet that is decentralized.
Musk is also the founder and CEO of SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.
Dorsey resigned as Twitter CEO in November after 15 years at the helm.
He remains remains the CEO of Square Inc, the hugely successful financial payments company that he co-founded in 2010, and is the sixth largest shareholder in Twitter.






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