By Musk’s own account via tweets, he mused about founding his own version of Twitter only to decide that he would be better off taking a piece of the market leader. Smart. — AFP
Anyone who ever has sent a tweet with a typo — and who among us has not? — craves an edit button. So the news this week that Elon Musk plans to agitate for just such a long-neglected asset was heartening to anyone who has suffered the agony of a correctable error floating free in the Twitterverse.
Musk’s agitation now comes from a position of clout. On Monday, he disclosed that he has purchased 73,486,938 shares in the company, giving him a 9.2% ownership stake and making the Tesla CEO the largest outside shareholder at Twitter. And since Musk has an outsize following as an iconoclastic disrupter, that was enough to send Twitter shares up more than 25%.
Already a subscriber? Log in
Subscribe now and get 30% off The Star Yearly Plan
Cancel anytime. Ad-free. Unlimited access with perks.
