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Elon Musk bought nine percent of Twitter and sparked a heated discussion: 'It's not about making money' | Money | DR Will 'Twitter owner' be the latest of Elon Musk's titles? By the world's richest person, the owner of and SpaceX and the self-proclaimed 'freedom of speech fundamentalist', Elon Musk, has been on a shopping trip and bought himself a bit of Twitter to take home. He has bought 9, 2 percent of the shares in social media and for 275 billion kroner. A staggering amount, although the creator according to Forbes is good for 1.820 billion kroner. - I can technically afford it, said Elon Musk to a so-called TED talk in Canada on April 14, and the comment was received with laughter.But it is not too funny, says -the billionaire, who believes that it will if he is allowed to buy Twitter.- It is not about making money. Mine tells me that having a public platform that people trust and that is inclusive is extremely important for the future. I do not care about the financial. Twitter had offered Elon Musk a seat on the board. However, he chose to say no thanks to that seat on the morning of April 5. The same day - it is not known whether his no thanks to the board came before or after - Elon Musk was out with ripped after Twitter in a series of tweets.Among another one where he asked his followers if they wanted an edit button. Parag Agrawal shared on his own Twitter, and Twitter's communications team, that they have been working on such a button for a long time. In another post, he asked: 'Is Twitter dying?'. See the tweet here: Twitter's CEO, Parag Agrawal, wrote the following about Elon Musk's decision not to become part of the board anyway in a post on Twitter: - I believe that is the best solution. We have and will always value input from our shareholders, whether they are on the Board of Directors or not. Elon is our largest shareholder and we will continue to be open to his input. Read the full statement here: When Elon Musk later offered to buy them all on Twitter, it caused a stir on the board. They hired the major US bank Goldman Sachs to help. the case and introduced what is called a poison pill.The 'toxic pill' will take effect if a shareholder buys more than 15 percent of Twitter in a trade that is not approved by the board of directors. buy new ones at a lower price, which will flood the market with new ones and dilute the new investor's inventory because they become less valuable as more come along. interviewed on the conference platform TED, who has shared.- It is important that there is an inclusive arena for. It is important that people have both the reality and the perception that they can speak as freely as possible within the framework of the law, says Elon Musk, who has previously called himself a 'freedom of expression fundamentalist'. Twitter, which according to him has an untapped potential, which he 'will set free'. One of the changes he believes should be implemented is about making Twitter's algorithm more transparent. It is important that people have both the reality and the notion that they can speak as freely as possible within the framework of the law.Elon Musk to TED talk in Canada- Twitter should 'open source' the algorithm and make all changes to people's tweets visible so everyone can see that has happened changes so that there is no invisible manipulation - neither from the algorithm's side nor manually. More specifically, it will not be in the conversation on stage. And when asked what he wants to say to the people who are worried about the idea that the world's richest should own a platform that he himself calls essential, says Elon Musk: - It is very important that the algorithm is open sourced , and that all changes are made visible. I'm not personally going to edit tweets, but one will know if anything has been edited or changed in any way by a .Elon Musk has previously been in collusion with the US SEC (Securities and Exchange Commission), which trading in securities and other investments. Among other things, he was accused of 'misleading tweets'. new ownership, within ten days of buying more than five percent of the company. He reached over five percent on March 14, according to Reuters, but where his holding had reached over nine percent. And that led a Twitter shareholder to sue Elon Musk for price manipulation in a federal court in Manhattan because, according to the SEC, he bought the latest ones at a price that was artificially low - specifically, they cost a fortune. 984 million less than after the price jump. According to the lawsuit, everyone who has sold Twitter in the period between Elon Musk's first purchase and the announcement of the purchase is entitled to.