When you're massively wealthy, as Elon Musk is, you have social influence, as Elon so obviously does. You also have the means to support your position on issues that you think are important.
Hence, the news that last week he purchased about 73 million shares of Twitter stock. It makes him the biggest shareholder in Twitter, even beyond the recently exited CEO, Jack Dorsey.
What's the connection? Elon believes strongly in the principle of free speech. He asked his gigantic following (80+ million) what they think:
They said "No," and they're quite correct. According to the new CEO, Twitter's role is to "focus less on free speech" and more on censoring speech they judge to be unhealthy. There's no doubt whatsoever that the speech you see on Twitter is the speech which they, in their role as judge and jury, allow to be seen.
Musk may try to change that. He'll be in a position of influence because, as their biggest stockholder, he's joining their board of directors. He had to promise to limit himself to only 14.9% of the company's shares 😄
As one analyst says, "It's time to get out the popcorn and watch the developments over the coming months with Musk on the Board." Agreed!
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