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Elon Musk snaps up £2.20bn stake in Twitter after questioning 'need for new platform'

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Elon Musk has shocked social media by buying a stake in Twitter.Musk, who recently asked on the social media whether or not a "new platform is needed" after saying it stifles freedom of speech, now owns 9.2% of the company having spent £2.2 billion to get it.News of the purchase sent the company's stock market price soaring by around 25%, and he is now thought to be the biggest individual stakeholder in the company.The purchase comes just a few weeks after Twitter users told him to start his own version of the micro-blogging site.The Tesla CEO, last month, wrote that free speech is “essential to a functioning democracy” and asked “do you believe Twitter rigorously adheres to this principle?”.Over a million votes were cast in the viral Tweet – with a majority of people choosing "No".Musk followed up the poll with another rather sinister tweet, writing: "The consequences of this poll will be important.

Please vote carefully."The mysterious tweets led many people online to theorise what the "consequences" he eluded to might be.One user wrote: "Please buy Twitter."To which a second person replied: "Would prefer if he just made his own platform."Others argued about the meaning of free speech and whether the majority choice of "no" was in fact correct.To stay up to date with all the latest news, make sure you sign up to one of our newsletters here."Free speech only really applies to the government's interference of speech," a Twitter user wrote."Doesn't apply to how websites regulate content.

That's a business. They can kick out who they wish technically."And it now appears that Musk has listened to those urging him to buy the company, as he has now parted with a lot of cash to buy the stake.Musk has yet to comment on the.

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