Last month, Musk ran a survey—ironically on Twitter itself—asking users whether or not the social media platform “rigorously adhered” to the principle of free speech.
Of over 2 million respondents, 70% said Twitter did not adhere to this principle.
Just yesterday, Musk announced a 9.2% stake in Twitter. The Tesla CEO purchased 73,486,938 shares of common stock, with TWTR trading at $39.31 at Friday’s close last week. This brought his total purchase to more than $2.8 billion.
One of Musk’s favorite cryptocurrencies—Dogecoin—surged by nearly 10% as the news broke.
The leading canine crypto is currently up 5.3%, trading at a little over $0.15, according to CoinMarketCap.
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