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

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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.


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