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Musk takes 9% stake, valued at $3 bn, in Twitter to become top shareholder

A prolific Twitter user, Musk has over 80 million followers since joining the site in 2009 and has used the platform to make several announcements

Elon Musk
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Elon Musk, the billionaire leader of Tesla. (Photo: Bloomberg)

Reuters
Tesla Inc top boss Elon Musk revealed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site's largest shareholder and triggering a more than 25% rise in the company's shares.
 
Musk's move comes close on the heels of his tweet that he was giving a "serious thought" to building a new social media platform, while questioning Twitter's commitment to free speech.
 
A prolific Twitter user, Musk has over 80 million followers since joining the site in 2009 and has used the platform to make several announcements, including teasing a go-private deal for Tesla that landed

(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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