Report: Elon Musk Buys 9% Of Twitter Stock; Owns More Than Former CEO Jack Dorsey

Report: Elon Musk Buys 9% Of Twitter Stock; Owns More Than Former CEO Jack Dorsey

According to a US securities filing, Elon Musk has acquired a 9.2 percent share in Twitter. Twitter’s stock soared over 25% in pre-market trade as a result of the announcement. According to the Securities and Exchange Commission, the Tesla founder purchased 73,486,938 Twitter shares on 14 March. The stake is worth $2.89 billion, based on Twitter’s Friday closing price. This makes him one of the company’s major stockholders, more than four times the 2.25 percent interest held by Twitter founder Jack Dorsey. Musk is a frequent Twitter user with over 80 million followers, yet he recently stated that he is…


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