Twitter Inc (NYSE: TWTR) Users Back the Selling of Tesla Inc’s (NASDAQ: TSLA) 10% Stake by Elon Musk Leading to a Slump

Eight months after Elon Musk’s Twitter Inc (NYSE:TWTR) followers voted to sell his 10% stake in the electric car chief poll, Tesla Inc (NASDAQ: TSLA) shares value went down by 58%. About 58% of Twitter users stated that they would support a sale in a Twitter poll that Musk ran during the weekend.

The stake at a value of $21 billion based on the Tesla shares Musk holds, which is 170.5 million. Musk later tweeted that he was prepared to accept the outcome. As a result, of this move, the company’s shares were reduced by 47% at 9:34 a.m. in New York. This incident is the latest example of Musk’s history of using Twitter to stoke interest in his company.

Paul Gosar in trouble after controversial video

Earlier this year, a Tesla investor, sued Musk alleging that tweets violated the company’s settlement with the U.S Securities and Exchange Commission (SEC).

Meanwhile, Paul Gosar, a Republican Congressman, got into hot water for an anime video he tweeted. The footage depicted Gosar swinging swords at U.S. president Joe Bidden and killing democratic representative Alexandra Ocasio- Cortez.

The 90-second video, shared by Oscar, seems to be an altered version of a Japanese animated series. Twitter added a warning label to the footage and restricted users’ engagement in the tweet. However, its desire to drop it from the platform was restricted, claiming that the tweet would remain visible for the public’s interest.

Twitter and Instagram Hatchet finally buried. 

Despite the different social media controversies, Twitter and Instagram have finally decided to out their differences. The two social media platforms settled their long-held feud with Instagram announcing that the photos shared to Twitter would not just appear as plain text links but will have a preview attached as they did before 2012 when Jack Dorsey, the CEO of Twitter, lost out on a chance to buy Instagram before Mark Zuckerberg.

Instagram chief, Adam Mosseri, was quoted stating that the platforms would need to find a way to be more open so as to establish it to the industry’s users. Twitter, through its representative, reiterated that no one lived in one product, acknowledging the latest relationship between it and Snapchat.

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Published by Flavia Carruth

Hi, I am Flavia and have done my MBA with finance as specialization and a Bachelor in Economics with 4 years of experience as Financial Analyst in leading Software Firm. I have passion for article writing, report making and stock market Analysis.

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