Tesla CEO and SpaceX funder, Elon Musk, has become Twitter’s biggest shareholder, and he bought $2.89 billion worth of stake.
The SEC filing stated that Musk holds a 9.2% passive stake in the social media giant.
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He has more than 73 million shares of common stock out of 800,641.166 Twitter shares. He has more than 10% of Twitter.
Jack Dorsey, the Twitter co-founder, has a 2.25% stake, and Twitter surged 26% in premarket trading after the news emerged that Musk bought shares.
More than 70% out of more than 2 million voters stated that Twitter doesn’t adhere to free speech.
Please buy Twitter.
— Brigitte Gabriel (@ACTBrigitte) March 25, 2022
One user stated: “Hey @elonmusk, will you please buy @twitter, free @TheBabylonBee & return the true marketplace of ideas to this site? We need you to make it happen.”
— Clay Travis (@ClayTravis) March 25, 2022