MSNBC Craig Melvin Reports July 29, 2021 15:52:15
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On to other news... elon musk has become twitter s biggest shareholder. the stock rose 27% on the news. 0ur north america business correspondent — michelle fleury has the latest. what do you do if you are a prolific user of social media and one of the richest people on the planet? if you are elon musk, you buy a 9.2% stake in twitter to become the platform's biggest shareholder. shares in the microblogging site let on the news. at one time if you have a person like elon musk having a vested impact interest in a company like this. i think at the very least, what it does do for the company, it...
>> ee lofk. >> elon musk named to twitter's board of directors, he purchased 9.2% of company stock, becoming its biggest shareholder. hey, kelly. >> hi, mike. yes, twitter critic elon musk has some skin in the game. it could be a win for free speech since musk's financial stake booster the influence at twitter. musk has agreed not to acquire more than 14.9% of the company shares while he remains on the board and 90 days thereafter. it prevents him from executing a hostile takeover. a comment this morning, elon is a passionate believer and intense critic, it will make us stronger in the long-te...
Twitter serves as that affect all public town square, failing to adhere to free-speech principles fundamentally undermines democracy. what should be done? is a new platform needed? is elon musk going to start his own? maybe he is driving the price down to buy more for less. he wanted in on twitter which could have a huge impact. >> ainsley: he brought 9.2% of twitter. that's where $3.5 billion now, because the stock surged 30%. he is an innovator. based on that march to eat, he recognizes that free speech is under assault. he had enough money to buy the whole platform. he could take over the p...
This is a company that's saying it's still not enough. here's howard schulz coming in. by the way, his first move was to say no more share buybacks, which politically in washington has become a lighten rod itself. >> right. >> i think he can say to the employees, we're going to invest in you and in these stores, and that's what this is about. at least it takes that issue after the table temporarily. >> let's talk about twitter and elon musk. >> biggest story of the morning. >> why would elon musk put the target on his back and have republicans and democrats hate him? >> so, elon musk announces...