FOX Business' Stuart Varney discussed Elon Musk's dominance in the tech space as he reports a 9.2 percent stake in Twitter..
Elon Musk loves making headlines: he likes being the center of attention. He made a big splash this morning, he's bought 73,486,938 shares of Twitter, 9.2% of the stock. What's he up to?He tweeted this: ‘Given the fact that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?’When you spend $2.8 billion on a company's stock, you mean business.
He could demand changes to Twitter's censorship rules. I hope he does: Twitter, remember banned a sitting president, Donald Trump.There's speculation that Musk will buy out the whole company and take it private. It would cost him less than $40 billion. He's worth about $270 billion. Musk's car company, Tesla, dominates the electric vehicle market: One in every four luxury vehicles sold in America today is a Tesla Model 3. And now Twitter! Go for it Elon – you've worked wonders with technology.
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