Elon Musk denies selling Twitter shares


Tesla CEO Elon Musk has refuted reports that he had reduced his stake in Twitter. He said an initial regulatory filing on his holdings in the social media platform contained the wrong number of shares.

A 13D filing on Tuesday showed that Musk had bought a 9.1 per cent stake in Twitter but a disclosure to the US Securities and Exchange Commission a day earlier had Musk owning 9.2 per cent. This lead to speculation that the Tesla CEO had reduced his stake.

After Musk became the micro-blogging site’s largest shareholder, Twitter said it will offer him a seat on its board of directors, a position the Tesla boss and entrepreneur plans to use to bring about significant improvements at the social media site after disclosing a sizeable holding.

Musk, who calls himself a free-speech absolutist, has been critical of the social media platform and its policies, and recently ran a Twitter poll asking users if they believed the platform adheres to the principle of free speech.

After disclosing his stake on Monday, Musk put out another poll on Twitter asking users if they want an edit button, a long-awaited feature on which the social media platform has been working.

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