CNN’s Brian Stelter says there’s a ‘fear’ about Elon Musk becoming Twitter’s biggest shareholder

CNN’s remaining-wing media correspondent Brian Stelter appeared a little bit anxious about tech tycoon Elon Musk becoming Twitter’s premier shareholder.

The Tesla co-founder and CEO stunned the nation on Monday with an SEC submitting that showed he had acquired 9.2% stake in Twitter, Inc., managing nearly 73.5 million shares as particular person shares were priced at $49.81 on Monday early morning.

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Musk experienced been outspoken about Twitter “failing to adhere to totally free speech principles” which he insisted “essentially undermines democracy.” He also questioned his 80.3 million Twitter followers if a new social media system was “needed.”

On Monday’s “Trustworthy Sources Every day,” Stelter dealt with the billionaire’s “shock” move in a panel dialogue with CNN Small business writer Clare Duffy inquiring “irrespective of whether he’ll continue to purchase shares, develop into a larger trader, and acquire motion in this article.”

“Elon has criticized Twitter for not permitting cost-free plenty of speech. And so I imagine the significant issue will be no matter whether he’ll attempt to, you know, get Twitter to transform its content moderation policies. He also suggested that perhaps Twitter ought to make its algorithm open source so that folks know how it works. So I imagine these are some of the adjustments we could probably see, but, you know, Elon generally also talks a significant video game,” Duffy mentioned. “He knew what he was executing when he was sending out people tweets. And so, you know, it does counsel that he’s gonna try to shake issues up at Twitter.”

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Following CNN Small business author Sara O’Brien recommended “everyone desires to observe what the billionaires are doing” in response to Twitter’s soaring stock price, Stelter provided a probably gloomy outlook. 

“There is certainly interest in billionaires, there is celebration of the Musk. You will find also panic, I believe, occasionally or wariness of- alright, so this is the richest guy on the earth who just acquired a major chunk of one of our most important communications instruments,” Stelter reported. “He is also just one of the major entrepreneurs of satellites in the planet. So he is incredibly highly effective, extremely, I never know, am I permitted to use the phrase bizarre when talking about Elon Musk?”

Musk has yet to make a general public assertion regarding the buy of his almost 10% stake in Twitter.

Twitter has experienced a extended background of censorship, notably focusing on conservatives. The tech big banned former President Trump pursuing the events of January 6. 

Throughout the 2020 presidential election, Twitter famously suppressed the bombshell New York Article report about Hunter Biden’s laptop, which has due to the fact been verified by both of those The New York Situations and The Washington Submit.

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More just lately, Twitter has suspended The Babylon Bee just after the conservative satirical web site mocked Biden administration formal Rachel Levine, a transgender woman, by declaring Levine “Man of the Year” adhering to United states Now which include Levine between its “Women of all ages of the Calendar year.”

Fox News’ Anders Hagstrom contributed to this report.