Elon Musk has done with the 9.2% of Twitter for a value of 2,890 million dollars, based on the value of the share after the close of the market last Friday. The purchase was made days after the publication of a survey questioning freedom of expression within the social network.
After this announcement, Twitter shares have increased their value by 26%prior to the opening of the markets after the revelation this morning of the purchase of the shares by the founder of Tesla and SpaceX, through a relevant event.
Elon Musk currently has more than 80 million followers on Twitter and has become not only his main channel of public communication, but also all the companies he runs, including Tesla, SpaceX and Boring Company.
Elon Musk vs. Parag Agrawal, the current CEO of Twitter
Elon Musk has been strongly criticizing Twitter and its current CEO for a few months, Parag Agrawal. In December he posted a meme comparing him to Soviet leader Joseph Stalin already jack dorsey (founder and ex-CEO) as Nikolai Yezhov, the director of the Soviet police being thrown into the river.
Last week, after the poll asking if Twitter strictly adheres to the principles of freedom of expression, he assured that he was thinking of opening his own social network. In the end, what he has done has been to buy a good percentage of the company.
He has also publicly complained about some of the new features of the social network in relation to cryptocurrencies and the blockchain. Weeks ago, Twitter announced the possibility of turning a profile image into an NFT. Elon Musk described it as somewhat annoying. “Twitter is using engineering resources on this garbage while scammers throw a spam party on every thread posted,” she said.
Elon Musk He was considered one of the heroes of cryptocurrencies when he allowed the purchase of Tesla using Bitcoins. But later he became something of an enemy after reversing the decision because of the huge environmental impact caused by the mining process.
The bizarre constant evolution of Twitter
Even though Twitter It is one of the most popular and used social networks today, it is a company with a curious and bizarre history, long before Elon Musk began to complain. It was founded in March 2006 by Jack Dorsey, Evan Williams, Noah Glass and Biz Stone as a spin off from odeoa platform that intended to do for podcasts what Blogger did for blogs.
The premise is the publication of short texts limited to 140 characters. In November 2017 it was increased to 280 after an almost popular request. After the popularization of other social networks such as Facebook and Instagram, they have tried to increase the functions and services offered without much success. It has also gone through a good number of CEOs, with greater or lesser success:
- Jack Dorsey (2006–2008)
- Evan Williams (2008–2010)
- Dick Costolo (2010–2015)
- Jack Dorsey (2015–2021)
- Parag Agrawal (2021–present)
It is estimated that the social network has about 330 million monthly unique usersaccording to data published by the social network in the first quarter of 2019, the last period in which they reported this data.