Elon Musk asks Twitter users if they want an edit button; shares rise in premarket trading

Elon Musk asks Twitter users if they want an edit button; shares rise in premarket trading


Elon Musk’s investment in Twitter comes after he said he was considering building a new social media platform.

Jim Watson | AFP | Getty Images

Elon Musk has asked Twitter users if they want an edit button to be added to the platform — hours after taking a 9.2% passive stake in the company, making him the largest shareholder.

Twitter’s stock rose around 4% on the Nasdaq stock exchange in premarket trading Tuesday morning. It was up 3.44% at 4:26 a.m. and trading at $51.67 a share. The rise comes hot on the heels of Twitter’s best day of trading since its IPO in 2013, with shares surging over 27% on Monday.

“Do you want an edit button?” Musk asked in the tweet late Monday.

At the time of writing, the poll had received 2,333,856 votes, with some 73.6% voting “yse” and 26.4% voting “on.”

Twitter CEO Parag Agrawal retweeted Musk and urged people to “vote carefully” as the consequences “will be important.”

On April 1, or April Fools’ Day, Twitter tweeted a message through its official account saying that it was working on an “edit” button. When the company was asked if it was a joke, it said: “We cannot confirm or deny but we may edit our statement later.”

Musk’s investment in Twitter comes after he said he was considering building a new social media platform. The Tesla CEO does not like that his tweets are scrutinized by regulators like the U.S. Securities and Exchange Commission.

“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” Musk tweeted March 26. “What should be done?”

Musk was subpoenaed by the SEC in November after he asked his Twitter followers if he should sell 10% of his Tesla stock — causing shares to fall.



Source

Silicon Valley’s new defense tech ‘neoprimes’ are pulling billions in funding to challenge legacy giants
Technology

Silicon Valley’s new defense tech ‘neoprimes’ are pulling billions in funding to challenge legacy giants

Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop […]

Read More
OpenAI’s Sora 2 is putting safety and censorship to the test with stunningly real videos
Technology

OpenAI’s Sora 2 is putting safety and censorship to the test with stunningly real videos

Fresh off a $6.6 billion share sale that made it the world’s most valuable private company, OpenAI’s TikTok-style video app, powered by its new artificial intelligence model, Sora 2, is going viral. Despite the gated release that requires an invite code, the video creation tool has already shot to the number three spot on Apple‘s […]

Read More
Amazon faces FAA, NTSB probe after two delivery drones crashed into crane in Arizona
Technology

Amazon faces FAA, NTSB probe after two delivery drones crashed into crane in Arizona

Amazon’s new MK30 Prime Air drone is displayed during Amazon’s “Delivering the Future” event at the company’s BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington on Oct. 18, 2023. Jason Redmond | AFP | Getty Images Amazon is facing federal probes after two of its Prime Air delivery drones collided with a […]

Read More