Elon Musk becomes Twitter’s largest shareholder ...News

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Elon Musk becomes Twitter’s largest shareholder
source : Russia Today ( News ) () 26
The billionaire now holds a 9.2% stake in the micro-blogging platform, filings show Twitter’s share price jumped 26% in pre-market trading on Monday after a Securities and Exchange Commission (SEC) filing revealed that Tesla CEO Elon Musk has taken a 9.2% passive stake in the social media company. The stake is worth $2.89 billion, based on Twitter’s closing price on Friday. The filing shows that Musk made the purchase on March 14 and he now owns 73,486,938 shares. However, Wedbush analyst Dan Ives told CNBC that the move “eventually could lead to some sort of buyout.” He added: “Musk could try to take a more aggre

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