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Elon Musk NOW Largest Shareholder Of Twitter

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Elon Musk, Largest Shareholder, Twitter, TWITTER JACK, ELON MUSK TWITTER

Business magnate, Elon Musk, now owns a 9.2 per cent stake in Twitter.

The information is contained in a United States Securities and Exchange Commission filing.

The U.S. agency confirmed that Musk bought 73,486,938 Twitter shares in March.

News of the stake, worth $2.89billion, boosted the company’s shares by about 25% in pre-market trading.

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The Tesla founder becomes the largest shareholder with more than four times the 2.25 per cent controlled by Twitter founder Jack Dorsey.

On March 24, Musk ran a poll asking whether or not the social media platform’s algorithm should be open source.

The billionaire later asked whether or not Twitter rigorously adheres to the principle of free speech.

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After the majority replied ‘no’, Musk asked whether a new networking site was needed, disclosing he was considering starting his own.

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