affecting the direction of the market. Any rumor about peace talks with Ukraine and Russia result in investors buying up due to excitement, and shortly after these rumors are officially denied a bearish trend once again shows itself. On April 4th, after Elon Musk revealed that he had accumulated 9.2% of Twitter, shares of the company jumped from $39 to $49. This vast accumulation however that made Elon the largest shareholder of Twitter, raised many questions for investors, the biggest one being “why?”. On the surface Elon makes it seem like this potential takeover for Twitter is solely for reinstating free speech throughout the country. With Elon constantly polling his twitter followers with questions like “Do you believe Twitter rigorously adheres to this principle[free speech]”, this act may appear to be very believable for certain investors while others may be able to see right through it. Many believe that the reason behind Elons 9.2% stake, and his proposed 43 billion dollar takeover is influence.
Considering that many powerful business men, politicians, and world leaders all turn to twitter when voicing their opinions, Elon understands that gaining control of this application could serve as a great benefit. To understand how this move would truly benefit Elon, one can go back to the charges he faced in 2018. When Musk tweeted about potentially taking Tesla private once it reached $420 a share, many alarms were raised as the SEC claimed that he had not “ discussed specific deal terms with any potential financing partners”. It was also this tweet that the SEC pointed to when shares of Tesla increased by 6% in a single day. Clearly, Musk does not have a “clean slate” history with the SEC, which could definitely be a factor in his potential takeover. With the motive of making an app like Twitter less prone to censorship, Elon would also be able to get around the market manipulation that many investors are aware he has the power to do so. By simply tweeting pictures of the Dogecoin dog, Elon has previously made prices skyrocket which shows the vast influence he has on the market. With all this being said, Yes Musk’s takeover of the company co