Elon Musk has put his money where his mouth is, purchasing a substantial portion of all of Twitter's outstanding stock.

But what does such a move signal? What is this billionaire's motivation? And why are some probably jumping the gun just a bit in reacting to the Internet's biggest lulz wildcard?

Sometimes it pays to be the wildcard...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/I-rYQiNasmU

#ElonMusk #Twitter #FreeSpeech

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Discussed in this episode:

ARTICLES

"Elon Musk buys 9.2% stake in Twitter, making him the largest shareholder" - CNN.com (April 4, 2022)

https://www.cnn.com/2022/04/04/investing/elon-musk-twitter-shares-stake/index.html

"Elon Musk" - Wikipedia

https://en.wikipedia.org/wiki/Elon_Musk

"Elon Musk accuses SEC of attacking his right to free speech" - Axios (February 17, 2022)

https://www.axios.com/elon-musk-tesla-sec-free-speech-0e872e2b-bee4-4bb8-88ca-46c0576fe8a0.html

"Biden to Propose 20% Tax Aimed at Billionaires, Unrealized Gains" - Bloomberg (March 26, 2022)

https://www.bloomberg.com/news/articles/2022-03-26/biden-to-propose-20-tax-aimed-at-billionaires-unrealized-gains

SEC FILING

Schedule 13 G

https://www.sec.gov/Archives/edgar/data/0001494730/000110465922041911/tm2211482d1_sc13g.htm

LAW

17 CFR § 240.13d-1 - Filing of Schedules 13D and 13G.

https://www.law.cornell.edu/cfr/text/17/240.13d-1

TWEETS

"Am considering taking Tesla private at $420. Funding secured."

Tweet, Elon Musk (August 7, 2018)

https://twitter.com/elonmusk/status/1026872652290379776

"Elon Musk is now Twitter's largest shareholder..."

Tweet, Ryan Brown (April 4, 2022)

https://twitter.com/Toadsanime/status/1510958984265670657

"Given that Twitter serves as the de facto public town square..."

Tweet, Elon Musk (March 26, 2022)

https://twitter.com/elonmusk/status/1507777261654605828

"Would you consider building a new social media platform..."

Tweet, Pranay Pathole (March 26, 2022)

https://twitter.com/elonmusk/status/1507907130124222471

"Much is made lately of unrealized gains..."

Tweet, Elon Musk (November 6, 2021)

https://twitter.com/elonmusk/status/1457064697782489088?lang=en

HOEG LAW VIDEOS

https://youtu.be/fyoJpKp66Mk

https://youtu.be/rS8Xc3hSn2E

https://youtu.be/_1PsYkqcNBw

TWITTER OWNERSHIP

"Twitter, Inc." CNN Business

https://money.cnn.com/quote/shareholders/shareholders.html

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"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com