Elon Musk became the largest shareholder of Twitter on Monday,
Elon Musk has taken a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder,
Twitter shares surged about 26% in premarket trading after the regulatory filing released Monday detailing Musk buying the holding.
Twitter shares surged as much as 27% after Musk’s purchase was revealed Monday in a regulatory filing
Monday detailing Musk buying the holding. The stake is worth about $2.89 billion, based on Friday’s market close.
The firebrand Tesla chief executive has indicated that he sees hastening a turn toward censorship.
Yet Musk has also raised the possibility, publicly before his massive and loyal Twitter following, that he could create a rival social media network.