Why Elon Musk Become Twitter's Biggest Shareholder

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.8 • 1.4K Ratings

🗓️ 7 April 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big breaking news! Elon musk has just bought a very large stake in Twitter. Listen in to this episode to hear Rob’s thoughts on this and why it matters. KEY TAKEAWAYS The news of Elon buying a large share of Twitter has increased the share price significantly, Elon has reportedly already made 1.2million from buying his stake. Elon uses Twitter a lot, most recently asking whether he should pay more tax and he listened to this. He then went on to pay the biggest tax bill in the world. Elon calls himself a free speech purist and has even floated the concept of creating his own social media platform, is this the beginning? BEST MOMENTS “The news prompted twitters stock to soar” “Apparently, this is a passive investment for Elon musk, more for the long term” “Usually when Elon Musk does something there is some important things underneath it, some strategy” [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0	Big, big news. Elon Musk has just bought a very large stake in Twitter.
0:07.0	Now, it was recently he seemed to be criticizing Twitter. I will quote, he says that free
0:15.2	speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres
0:22.2	to this principle? He actually tweeted this on Twitter even though he is now the largest
0:27.9	stake holder in Twitter. So he has just bought a 9.2% stake. Musk has worth an estimated
0:37.5	273 billion and he has just bought 73.5 million shares in Twitter. That was filed with the
0:49.1	US Securities and Exchange Commission. The news prompted Twitter stock to soar by more
0:55.4	than 26%. So obviously the market is crazy and that is made in 1.2 billion dollars in
1:04.4	three weeks. Now, there are a few things that interest me about this. Number one is, he has
1:11.0	been critical of Twitter recently. I think he feels that maybe they are not fully functioning
1:18.3	in free speech. So that is certainly there for surprise me that he has just bought 73.5 million
1:24.9	shares. He also did a poll on Twitter asking people to vote on, he uses Twitter a lot to
1:35.2	get people to vote. He used Twitter to get people to vote if he should basically pay a massive
1:41.8	tax bill, sell a lot of shares in his company and they voted yes and he did and he paid
1:46.4	the biggest tax bill that anyone has ever paid ever in the history of the world. So yeah,
1:55.6	he uses Twitter to create a lot of traction and he seems to stand by the polls that he does
2:00.9	on Twitter. But he said the consequences of this poll will be important. Please vote carefully
2:06.5	when he put a poll up on Twitter about whether Twitter adhere to free speech. Obviously,
2:14.2	tweet Twitter cancelled Donald Trump. Let me know in the comments what you think about that,
2:19.2	by the way. Should Donald Trump have been cancelled from Twitter and Facebook? Did you see my
2:24.9	live video earlier on Facebook where I talked about the truth platform that social media,
2:29.3	the disruptor to big tech from Donald Trump, but it's had a bit of a slow jittery start. So
	...

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