Elon Musk takes 9% stake in Twitter, shares surge more than 25%
Musk owns 73.5 million Twitter shares, according to a SEC filing
By Shubhangi Mathur
Published - Apr 05, 2022, 12:34 AM ET
Last Updated - Feb 21, 2024, 12:40 PM EST
Tesla Inc (NYSE: TSLA) CEO Elon Musk disclos ed a 9.2% stake in Twitter Inc (NYSE: TWTR), worth $2.89 billion.
Twitter’s shares soared more than 25% on Monday after Musk revealed owning shares in the social-media company.
According to a SEC filing on Monday, Musk owns 73.5 million Twitter shares.
Musk, who is an active user of the social media platform, has over 80 million followers and even uses Twitter to make important announcements.
