Elon Musk began buying shares in Twitter on January 31

Elon Musk began buying shares in Twitter on January 31 of this year

First, the Tesla and SpaceX CEO’s purchase of more than 9% of Twitter’s stock earlier in the week on a Form 13G, which can be used by passive investors who do not claim to be involved in the management of the company, was revealed to be . Following the release of Form 13D, it was revealed that Elon Musk regularly purchased Twitter stock from late January to early April, spending a total of $2.64 billion.

    Image source: Getty Images

Image source: Getty Images

Owned by Musk, he explains CNBC Regarding Form 13D, there are 73,115,038 Twitter shares. The billionaire crossed the 5% threshold on March 14. As of last night, the current value of Elon Musk’s shares reached $3.73 billion.The appearance of Form 13D makes us expect that the legitimacy of the transaction will not be questioned by regulators, since Form 13G alone would not suffice this case. As you know, the money spent and efforts guaranteed Elon Musk a seat on Twitter’s board of directors, but without the right to own more than 14.9% of the company’s shares.

The appearance of the message editing function was yesterday announced Twitter Vice President of Consumer Products Jay Sullivan. However, he added that this change will unwittingly increase the amount of false information posted by users on Twitter pages, so the rollout of the edit feature will be delayed and accompanied by active consultations. Subscribers to the $3/month Twitter Blue service already have the option to post with a few seconds delay, leaving a pause to undo. According to the results of a Musk-initiated poll on the need to add a message-editing feature, 74% out of 4 million respondents supported its implementation.



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Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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