Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform’s largest shareholder.

by
Sharing is Caring!


In a filing this morning it was revealed Elon Musk has bought over 73 million shares in Twitter giving him a 9.2 percent stake in the company. Based on Twitter’s closing price on Friday the deal amounts to just over $2.8 billion (£2.14bn). US markets have yet to reopen on Monday but pre-market trading has seen Twitter’s share price soar 26 percent on the news.Mr Musk has been a longstanding, and at times outspoken, user of Twitter whose posts have previously moved markets.

www.express.co.uk/finance/city/1590893/elon-musk-news-spacex-9-percent-twitter-shares

See also  Gov’t Gone Wild! California Defaults on $18.6 Billion Debt, Now Businesses Have to Pay (Reparations Plan In California Could Cost The State Billions)
We are primarily funded by readers. Please subscribe and donate to support us!
See also  The World’s Largest Economy Is Feeling The Heat. Small businesses face multiple headwinds as they face higher costs due to sticky wages, a fall in demand and a higher cost of capital.

h/t Creativity Of Liberty

Views: 0

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.