It appears that Elon Musk is already starting drama with frustrated users after taking a 9.2% passive stake in Twitter (NYSE: TWTR).
Even after praising Musk in a since-deleted tweet for taking on a monumental stake in social media platform Twitter, “The Big Short” Michael Burry still can’t seem to score brownie points with the wildcard Tesla CEO. Perhaps Burry’s repeated criticism and short positions against Tesla finally got on Musk’s nerves, because the famed investor had his verified twitter checkmark removed on Saturday.
Since being appointed to Twitter’s board of directors alongside his $2.89 billion stake in Twitter, Musk promised to make “significant improvements” to the social media platform, which has previously faced repeated criticism over its censorship policies. One of the ideas Musk touted was to affix an authentication checkmark on all accounts that sign up for Twitter Blue— which currently is strictly designated for users with considerable followings and status, with the potential of being withdrawn in the event the user tweets against the platform’s policies.
But, Musk was quick to take on a mediator role and assure Burry that he need not worry— the blue checkmark will be back soon enough! Surely Burry can spare $3 in pocket change, right?
Information for this briefing was found via Twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.