Elon Musk Is Now Twitter’s Biggest Shareholder

Elon Musk, who is the CEO of SpaceX and Tesla is now Twitter’s biggest shareholder after dropping $3 billion USD on just under 10% of Twitter’s stock. This came to light via a SEC filing that was made today. Companies need to do a SEC filing to disclose when an investor has acquired a stake of over 5% of the company’s outstanding shares. But what’s interesting about this share purchase is that Musk hasn’t exactly been a fan of Twitter despite being a rather frequent user of the platform. Here’s an example from a few days ago:

He even floated the idea that he might be involved in launching a new social platform. Sort of like that Trump guy who used to be President of the United States. But I am guessing that he might be planning to change things from the inside. Which could go really well, or really badly. I guess we’ll have to see what his plans are. In any case, Twitter stock has skyrocketed on the news. So I guess that’s good news for Twitter.

2 Responses to “Elon Musk Is Now Twitter’s Biggest Shareholder”

  1. […] might recall that last week Elon Musk as in the guy behind SpaceX and Tesla became the single biggest shareholder of Twitter stock. This led to him apparently joining the board last week. Twitter CEO Parag Agrawal said he was […]

  2. […] might recall that recently Elon Musk bought 10% of Twitter stock. Then he was named to the board of Twitter, but only briefly as he pulled out of that days later. […]

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