Apr 4, 2022
Elon Musk snaps up $3bn Twitter stake
Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing. The news sent Twitter shares soaring about 25% in pre-market trading. The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission. The stake is worth $2.89bn, based on Twitter's closing price on Friday. Musk is a regular Twitter user with more than 80 million followers, although recently he said he is giving "Serious thought" to building a new social media platform.
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