Decoding Elon Musk’s 9.2% stake in Twitter

👉 March 26, 2022 tweet, Musk accused Twitter of “failing to adhere to free speech principles”.

👉 And further he said he was giving “Serious thought” to building his own social media platform that would compete with Twitter.

👉 Musk’s tweet back in Jan, 2021 saying “Use Signal” which was later retweeted by former Twitter CEO Jack Dorsey.

👉 Jack Dorsey have constantly came in support for him in the past as well.

👉 March 14, 2022, Elon Musk acquired his 9.2% Twitter stake shown by regulatory filing with the Securities & Exchange Commission.

👉 Musk was already Twitter’s largest outside individual shareholder when he publicly criticized the platform on March 26, 2022.

👉 March 25, 2022, Musk launched a Twitter poll asking this question: “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” To which more than 70% of respondents voted “No,”.

👉 April 4, 2022, Elon Musk’s Twitter stake purchase was revealed in a regulatory filing.

👉 April 4, 2022, Twitter stock surged by 27% as Musk’s purchase was revealed & kept climbing after the company announced Musk’s director board seat.

👉 April 4, 2022, Musk tweeted a poll asking his followers if they’d want an edit button on Twitter, with more than 73% of respondents replying “Yes”.

👉 April 5, 2022, Twitter announces Elon Musk as the 12th board of director after taking a 9.2% stake to which Jack Dorsey voiced his support on his tweet. “I’ve wanted Elon on the board for a long time,” Dorsey later added.

👉 April 5, 2022, Musk speaks about his vision of making significant improvements to Twitter in coming months!

👉 Elon Musk could use his new position to push back against the company’s content moderating policies.

👉 In coming months, we are going to see some big changes on Twitter as Musk have constantly criticized the platform for lack of freedom of speech.

👉 Musk has even suggested that Twitter’s algorithm become “open source” as a way of promoting transparency over how the platform displays and promotes tweets. That idea could gain traction among Twitter’s board members, as Dorsey has endorsed it in the past.

👉 Twitter’s rapid addition of Musk to its board shows that now its leadership is willing to entertain his ideas after being single largest individual share holder.

👉 Elon Musk’s entrepreneurial mindset. He is among one the smart entrepreneurs of this century who knows it well, how to get the things done as per his will.

Do leave your views in the comment.

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Ankit Gupta

Ankit Gupta

Data Science Enthusiast | Top 50 finalist from Jharkhand at Startup India Innovation Challenge 2018 | Digital Content Creator | Photography | Traveller