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Quick Tech News


by Alexander Fäh

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Elon Musk and the Twitter Spectacle

Yesterday, a document surfaced that shocked the public - Elon Musk is buying out 9.2 percent of Twitter for nearly three billion dollars.

Elon Musk at the opening of the Gigafactory Berlin-Brandenburg; Image: Business Insider

Tesla CEO Elon Musk bought out 9.2 percent of Twitter on April 4, 2022. In his last poll on Twitter on March 25, 2022, he asked whether Twitter strictly adheres to the principle of freedom of expression, as this is "essential" in a functioning democracy. Further, he wrote that the consequences of this poll will be important. Over 70% of all Twitter users voted "no".

Now Elon Musk has bought up 9.2% of the company, making him the company's largest shareholder - larger than Jack Dorsey. When the SEC (Securities and Exchange Commission) document came out, the stock already made a huge jump on the pre-market - it has risen a whopping 25%, though not reaching the all-time high of $77.

Twitter CEO Parag Agrawal shares on Twitter with great joy that Elon Musk has now been appointed to Twitter's board. According to him, Musk should be a great fit for the service because he is both a fan and a critic of Twitter.

What we know so far is that an "edit button" is coming soon, according to Elon Musk.

What we hope is that Donald Trump will come back for the memes.


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