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Elon Musk suddenly became the largest shareholder of Twitter

According to Bloomberg, Elon Musk bought 9.2% of Twitter shares to become the largest shareholder of this social network.

A week earlier, he conducted a survey of 80 million Twitter users who follow him about whether Twitter is following the principles of free speech. After more than 70% of survey respondents said no, Elon Musk said he is seriously thinking about launching a social network of his own.

According to Bloomberg, it is not clear what Elon Musk plans to do with his shares in Twitter.

Twitter has ambitious goals, including growing annual revenue to $7.5 billion and reaching 315 million daily users by the end of 2023.

Twitter is under pressure to speed up new product launches. Although Twitter has grown steadily year over year, its stock returns are lagging behind its rivals.

By the end of the first quarter, according to the Bloomberg Billionaires Index, the world’s richest billionaire, currently Tesla CEO Elon Musk, earned a modest figure of $ 1.14 billion in the first three months of the year, thereby increasing the total value of his fortune. net worth of his to 271 billion USD.

Elon Musk is one of the most famous Twitter users and he also often gets into trouble on this social network.