Elon Musk Says Twitter ‘Undermines Democracy,’ Suggests Need for ‘a New Platform’

purchased a 9.2% stake in the company to become its biggest shareholder – offered to buy the rest of Twitter for $54.20 per share, or $43 billion in total. In a letter to Twitter chairman Bret Taylor, he expressed a desire to take the company private in order to “unlock” its “extraordinary potential.”“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote.

The world’s richest man has the funds to buy Twitter. But if he can’t clinch a deal for some reason, he told a TED Talk Thursday, he’ll bring along as many shareholders as he can to reform the social media giant that’s become America’s “public square.”

Elon Musk has confirmed his interest in becoming the outright owner of Twitter and says he has submitted a bid to purchase the social media company. Musk says he feels he can unlock the "extraordinary potential" of Twitter, which he bought a 9.2% stake in just 10 days ago. Musk, the world's richest man through his business interests in Tesla and SpaceX, used Twitter to share a link to a regulatory filing on Thursday, confirming that he had launched a takeover bid.

Billionaire Elon Musk has offered to buy Twitter for about US$41 billion in cash, saying the social media company he has often criticized needs to go private to see effective changes.

Tech billionaire Elon Musk has made an offer to acquire Twitter for $54.20 a share – valuing the social media giant at $41.4BN.

Patrick Frater Asia Bureau ChiefElon Musk, the controversial billionaire, has made an offer to buy all of social media group Twitter for $43 billion, according to a filing made Thursday morning.The move comes just days after the Tesla pioneer revealed that he had bought a 9% stake in the company and followed that by announcing that he would join its board of directors. That quickly proved unpopular and Musk and the board did a U-turn, announcing it for the best that he did not form part of the boardroom.

Elon Musk has been filed with a lawsuit by Twitter investors for failing to disclose that he had bought a substantial stake in the company.The Tesla chief revealed on April 4 that he had acquired a 9.2 per cent stake in the social media platform.Shares in Twitter soared as investors viewed the move as a vote of confidence, according to The Guardian.But federal trade laws require that investors notify the US Securities and Exchange Commission (SEC) after surpassing a 5 per cent stake in a company within 10 days. Musk acquired his shares on 14 March but did not make that public until over two weeks later.A new lawsuit filed in New York yesterday (April 12) alleges, in the time between passing the 5 per cent threshold and publicly reporting, Musk was able to buy up additional shares at a deflated price.Experts estimate that the delay may have resulted Musk netting $156million (£120million), according to The Washington Post.The lawsuit seeks class action status on behalf of investors who sold Twitter stock during that time who claim they lost out on gains they would have been aware of had Musk disclosed his stake earlier.After Musk disclosed his stake, Twitter shares rose 27 percent from $39.31 to $49.97.

filed a securities fraud lawsuit against Tesla CEO Elon Musk for his late disclosure of his stake in Twitter — a delay that the lawsuit claims saved Musk some $143 million.The claim filed in New York claims that the late disclosure simultaneously cost Twitter shareholders that sold stock between March 24 and April 1. The complaint stated that Musk waited days to declare his investments of more than a 5% stake.

Twitter shareholders are going after Elon Musk.

Chief of executive of electric car company Tesla, Elon Musk, is being sued by Twitter Inc shareholders.

William Earl Elon Musk is facing a federal lawsuit from a group of Twitter shareholders who claim the Tesla founder failed to properly disclose his purchases of the social media giant’s stock.The suit filed Tuesday in U.S. Southern District of New York asserts that Musk was 10 days late in filing his legally mandated disclosure form after amassing more than 5% of Twitter shares with a buying binge that started in January.The suit, filed by Marc Bain Rasella, asserts that Musk had reached the 5% disclosure threshhold by March 24 but he didn’t file the proper paperwork until April 4.

Elon Musk has decided not to join the board of Twitter.His appointment was due to take effect over the weekend after he bought a 9.2 per cent stake in the social media platform last week.But the company’s chief executive Parag Agrawal has today (April 11) announced that Musk “has decided not to join our board”.“The Board and I had many discussions about Elon joining the board and with Elon directly,” he wrote in a lengthy tweet. “We were excited to collaborate and clear about the risks.

Tesla CEO Elon Musk won’t be joining Twitter’s board of directors as previously announced. The tempestuous billionaire remains Twitter’s largest shareholder.

Billionaire Elon Musk has always been unpredictable, and once again, he delivered a surprise.

No joke: Twitter has confirmed that it’s working an edit feature which would allow users to tweak their tweets after posting. The social media platform had initially revealed the news in a one-line tweet on April 1, but it was widely interpreted as an April Fool’s gag (it didn’t help that when asked about the seriousness of the post, Twitter’s response at the time was: “We cannot confirm or deny, but we may edit our statement later”). On Tuesday, the communications team tweeted that the company has in fact been developing the feature since last year — and in a winking reference to new board member, Elon Musk, said that the idea did not come from a poll.

Elon Musk is officially joining Twitter‘s board.

Billionaire Elon Musk has joined Twitter’s board of directors, a day after it was announced he had become the social media company’s largest shareholder.

disclosed in a Securities and Exchange Commission filing that Musk had become its biggest shareholder. The early-morning news was embraced by Wall Street, which boosted shares to their highest level since last November and lifted the social media giant’s market cap to $40.01 billion.Musk’s investment follows his public criticism of the platform’s content moderation policies.

filing Monday with the Securities Exchange Commission, the Tesla and SpaceX boss has gobbled up a 9.2% stake in Twitter — which was worth $2.9 billion at the close of trading on Friday.Given the stock’s surge on Monday, Musk’s stake is now worth $3.84 billion — suggesting that he’s already seen nearly $1 billion in gains on his investment. Musk’s investment follows his public criticism of the platform’s content moderation policies.