Elon Musk buys 9 percent stake in Twitter.

One of Twitter's loudest critics and most prominent users is now one of its biggest shareholders.

Tesla CEO Elon Musk has bought up about 9.2 percent of Twitter, according to a regulatory filing Monday that detailed his stock purchases.

The stock-buying revelation comes as Musk emerges as one of the loudest and most prominent critics of Twitter's moderation efforts, which in recent years have cracked down on everything from harassment and death threats to misinformation and conspiracy theories.

News of Musk’s move sparked some hope among conservatives who have been critical of Twitter's enforcement of its rules and its ban on former President Donald Trump.

Musk, who the Bloomberg Billionaire Index lists as the world's richest person with a net worth of about $273 billion, has in recent months said on Twitter — where he comments regularly — that he had given "serious thought" to building a competitor to the company. He said in a post last month that given that the social media platform "serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy."

Musk’s stake in Twitter is considered a passive investment, which means he is a long-term investor who's looking to minimize his buying and selling of shares. But the sizable stake, along with Musk's recent comments, indicate that he could be looking to exert some control of the company.

“We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter,” Dan Ives of WedBush Securities wrote in a client note early Monday.

Musk's first tweet since the news broke Monday offered a bit of levity to the situation:

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Twitter’s stock surged more than 25 percent before the market opened Monday, while shares of Tesla rose slightly.

Musk has clashed with regulators about his use of Twitter.

Last month, Musk asked a federal judge to nullify a subpoena from securities regulators and throw out a 2018 court agreement in which he had to have someone pre-approve his posts on Twitter. At the time, U.S. securities regulators said they had legal authority to subpoena Tesla and Musk about his tweets, and that Musk’s move to throw out a 2018 court agreement that his tweets be pre-approved is not valid.

Musk's criticism of Twitter — happening almost exclusively on Twitter — has been mounting. In late march, he tweeted a poll asking people if they thought Twitter "rigorously adheres" to free speech principles. About 70 percent of the more than 2 million votes tallied said "No."

Comments

UGANDA ELECTORAL COMMISSION TO ELIMINATE NATIONAL IDENTIFICATION CARDS (IDs) FOR 2021 GENERAL ELECTIONS.

The elimination of using National IDs (Ndagamuntu) for the 2021 elections should not have come as a surprise. One would be very NAIVE to think that Bobi Wine has not prepared for this in his Business Plan under the RISK section. It is public knowledge that our EC is not independent. It is also public knowledge that Military Dictator Yoweri Museveni will never lose an election. What stunned us this morning is when we noticed that on social media, people were mocking Bobi with his "get your Ndagamuntu". We are on record for saying to all Our readers that the National ID is like Apartheid in South Africa. Students of History would know how those IDs were being used to arrest people, deny them jobs, deny them basic services. Consequently, Bobi was not wrong and will never be wrong on the Ndagamuntu. Except the ones attacking him and mocking him forget that in Uganda, now, no National ID (Ndagamuntu), no service. If you have not been denied registering your child i...

President Museveni Praises Soldiers for Torturing Bobi Wine in Arua on August 2018.

President Museveni at the passout of police officers in Masindi Friday https://www.facebook.com/1829407613953796 President Museveni has praised his Special Forces Command [SFC] guards for properly and legally beating National Unity Platform [NUP] presidential flagbearer, Robert Kyagulanyi aka Bobi Wine. “The other day, there was a fracas in West Nile where our young friend Bobi Wine was fighting security people,” Museveni said Friday while passing out police recruits at Kabalye Training School in Masindi district. “I think they beat him a bit and then they came and said a Member of Parliament has been beaten. I said let me study and see how he was beaten. I found the man had been beaten in the right way,” Museveni explained. “This was because…I think this was SFC people who are not police-minded. They are used to doing other things. But somehow they managed to act properly, I was surprised.” When they [SFC] went where this young man was in the room, he had ca...

Here is Why Our Utterances For Praying Jesus And God To Come Liberate Ugandans, May Be Misplaced. This Phrase is like inform of a Letter To Some Categorized Section Of Ugandans.

https://m.facebook.com/yusufosuta/photos/a.1896701010557789/2070383359856219/?type=3 OPEN LETTER TO NRM SUPPORTERS - NATIONAL ROBBERS MOVEMENT. .................................................................................. Last week of March, a friend told me to pray for Uganda. I told him that he was an Idiot and we have prayed for too long and we are still hungry and sick and Jesus is not coming soon to liberate us. He then ignored the STUPID and sent me a picture we all now know. It got me totally messed up. This guy was telling me to pray then sends a picture of men bowing down in blood. He might have meant guns but I blocked him because his utterances of praying for Uganda were misplaced. I unblocked him 3 weeks later and asked him about praying and assassinations. His reply "eithrr prayers or guns or both". I hate violence with a passion. So he is now blocked in like FOREVER. Do you feel safe? Do not feel safe. Uganda regim...

Osuta Yusuf

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