Elon Musk buys 10% of Twitter, becomes the main shareholder

Elon Musk is done with the 9.2% of Twitter worth $2,890 million, based on the stock’s value after the market closed last Friday. The purchase was made a few days after the publication of a survey questioning freedom of expression within the social network.

After this announcement, Twitter shares rose in value 26%before markets open after the revelation this morning of the share buyback by the founder of Tesla and SpaceX, via a relevant event.

Elon Musk currently has more than 80 million followers on Twitter and has become not only his main channel for public communication, but also all the companies he leads, including You’re here, SpaceX and Boring business.

Elon Musk versus Parag Agrawal, the current CEO of Twitter

Elon Musk has been strongly criticizing Twitter and its current CEO for a few months, Parag Agrawal. In December, he posted a meme already comparing him to Soviet leader Joseph Stalin Jack Dorsey (founder and ex-CEO) as Nikolai Yezhov, the Soviet police director thrown into the river.