 "Elon Musk")
Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc , a regulatory filing showed on Monday, potentially making him the biggest stakeholder in the micro-blogging site.
Twitter shares soared 26% in pre-market trading after the filing, which comes close on the heels of Musk tweeting that he was giving "serious thought" to building a new social media platform.
Shares of other social media firms, including Meta Platforms and Snapchat owner Snap Inc, were also trading higher.
Musk owns 73.5 million Twitter shares, valuing his passive stake in the company at up to $2.9 billion based on the
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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