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BREAKING: Elon Musk acquires 9% stake in Twitter

By 04/04/2022 11:18 AMNo Comments

The latest data from the Securities and Exchange Commission on Monday showed that Elon Musk had dropped nearly $3 billion to become its largest stakeholder.

The data shows the Tesla CEO has purchased a 9.2% stake in the social media company, more than quadruple the position of Twitter founder Jack Dorsey.

According to reports, Musk’s newly acquired 73,486,938 shares are worth $2.89 billion.

The decision to purchase Twitter came after Musk got upset with Twitter’s doing business.

“Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” Musk tweeted on March 25.

“The consequences of this poll will be important. Please vote carefully,” Musk added in another tweet.

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