Tesla CEO Elon Musk has emerged as the largest shareholder with a 9.2% stake in Twitter, Bloomberg reported on the 4th (local time).
Musk owns 73,486,938 shares in Twitter, according to data released by the US Securities and Exchange Commission (SEC).
Musk’s stock in Twitter is worth $2.89 billion at the closing price of the day. Twitter shares jumped more than 25% prior to the opening day as the news became public. soared
Foreign media are showing interest in the timing of Musk’s purchase of Twitter stock. This is because Elon Musk has been criticizing Twitter with an unusually intense level of criticism recently.
Musk conducted a survey of his Twitter followers on the 25th of last month, asking if he thought Twitter adheres to the principles of freedom of speech. In this survey, 70% answered “no”.
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Musk then asked another question, “Do you think we need a new social platform?” He even declared that he was thinking about creating a new social media platform.
Musk bought the stock just a week after he publicly criticized Twitter, according to SEC data.
