Elon Musk Buys Controlling Stock in Twitter After Condemning Its Approach to Free Speech
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Tesla and SpaceX creator Elon Musk has acquired a new title: Twitter’s largest shareholder.
News of the entrepreneur’s financial grab comes just days after he took to Twitter to question the left-leaning platform’s approach to free speech, even asking if he needed to create a new social media site himself.
Is a new platform needed?— Elon Musk (@elonmusk) March 26, 2022
Several right-leaning Twitter users urged Musk, 50, to buy Twitter. It appears he took their prompting to heart.
According to a filing from the U.S. Securities and Exchange Commission, Musk purchased a 9.2% stake in Twitter, Inc., meaning he now controls roughly 73.5 million shares in the company, making him the largest shareholder of the brand, Fox Business reported.
Twitter’s shares jumped more than 25% in the wake of the Monday morning news and individual stocks were priced at $49.81 each, according to the news outlet.
Among those who told Musk to purchase Twitter were Christina Pushaw, press secretary for Florida Gov. Ron DeSantis (R), and conservative radio host Buck Sexton, who wrote, “Save the country from these psycho Silicon Valley libs.”
Musk tweeted in response that he was giving “serious thought” to creating a new social media space:
Am giving serious thought to this— Elon Musk (@elonmusk) March 27, 2022
News of Musk’s purchase comes on the heels of Twitter’s decision to censor the accounts associated with the Christian satire website The Babylon Bee and faith-based news outlet The Christian Post.
In an interview with CBN’s Faithwire, The Bee CEO Seth Dillon questioned why Twitter won’t just delete a satirical post about U.S. Assistant Secretary for Health Dr. Rachel Levine, a male who identifies as a transgender female. Twitter said The Bee’s post violated its “hateful conduct” policies.
Rather than remove the post themselves, staffers at Twitter are requiring The Bee to delete its post in order to regain control of its Twitter account. Dillon, though, has refused, telling Faithwire he will not “bend the knee” and delete a tweet jokingly calling Levine “The Babylon Bee’s Man of the Year.”
Listen to the latest episode of the Faithwire podcast:
“To require us to go in there and delete the tweet and affirm that we engaged in hateful conduct — I mean, how can you expect us to do that?” asked Dillon. “They’re more than welcome to delete that tweet if they want to. It’s their platform. But why should we have to do it? They just want us to bend the knee.”
As for The Post, it was locked out of its account after tweeting an article reporting on USA Today naming Levine one of its “Women of the Year.” Like The Bee, Post reporter Brandon Showalter told CBN’s Faithwire the Christian news source would not delete its Twitter post.
“The reason that The Christian Post is such a stickler for language, especially when reporting on the developments of transgender ideology, is because we value the truth,” he explained. “If we fail to maintain the integrity of what and how we report on these hot-button issues, we do a great disservice to our readers who count on us to communicate honestly.”
Neither The Post nor The Bee has regained access to their respective Twitter accounts.
***As the number of voices facing big-tech censorship continues to grow, please sign up for Faithwire’s daily newsletter and download the CBN News app to stay up-to-date with the latest news from a distinctly Christian perspective.***
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