Tesla CEO Elon Musk’s surprise stake in Twitter is just “the first strike” to shake up the company, according to a Wall Street executive.
“It’s not been a secret,” Ives said in a recent interview. “Social media, he's not happy in terms of the Twitter platform.” On March 24, Musk bought a 9.2 per cent stake in the social media platform, according to filings with the U.S. Securities and Exchange Commission. The purchase is valued at US$3 billion of Twitter’s closing price and makes him one of the largest shareholders in the company.Musk has accused Twitter of stifling freedom of speech on the platform.
Source: News Formal (newsformal.com)
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