Latest update 5th April 2022 at 11_00 am
Neither announcements of improvements from the company itself, such as the fact that it is finally working on a button to edit tweets, nor announcements about the increase in users or its advertising revenue have achieved for Twitter what the announcement of that Elon Musk (the American billionaire founder of Tesla and SpaceX) has acquired shares in the company until he owns 9.2% of the share capital. As soon as the news was known, the share of the «Red Social del Pajarito» has gone from trading at $39.31 to being valued at $50.34 (+28%) at the close of today’s session on the New York Stock Exchange.
Musk currently owns a total of 73,486,938 shares of Twitter. These shares that last Friday were worth $2,888,771,532.78, at the price per title reached today is currently worth a $3,699,332,458.92.
Just hours after this purchase Forbes magazine ranked Musk as the richest man in the world surpassing Amazon’s Bethos who takes the 2nd spot.
Despite Musk’s poll said no real freedom of speech in Twitter, he did the big business
No one would have thought that Musk was taking a controlling stake in the capital equity of Twitter after the poll launched by him on March 25th about the actual respect of the freedom of speech by Twitter. A 70.4% of those who voted said NO, and Musk wondered in another tweet posted on March 26: “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?”
And here it is the answer: what should be done is … further investing in Twitter.