Elon Musk, CEO of Tesla and SpaceX, has recently criticized Twitter for various restrictions on free speech. A few days ago, he announced that he was "seriously considering" building a new social media platform.
It turns out that didn't stop him from investing in Twitter. The billionaire in March bought 73.5 million Twitter shares or 9.2% of the total shares. In response to this news, the company's stock had already risen 25% before the American session.
This gives Musk more than four times as many shares as Twitter founder Jack Dorsey. The latter owns 2.25 percent of the company, making him the sixth-largest shareholder.
With Musk now the largest shareholder of Twitter, the company has appointed him to its board of directors.
"I am excited to share the news that we are appointing @elonmusk to our board of directors," - Twitter CEO Parag Agrawal wrote.
"He is both a passionate supporter and a staunch critic of the service, which is exactly what we need at @Twitter, and on the board for us to become stronger in the long run," - he added.
There have already been many requests online for Musk to reinstate Donald Trump's Twitter account:
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