“Astute: adj. shrewd, perceptive, discerning, an ability to notice and understand things clearly, mentally sharp, clever”

Without your health, what have you got?  Take back your power!

Elon Musk Becomes The Biggest Shareholder In Twitter As He Buys 9.2% Shares

elon-musk-becomes-the-biggest-shareholder-in-twitter-as-he-buys-9.2%-shares

 

After considering building a social media platform, Tesla CEO and SpaceX founder Elon Musk has now becomes Twitter’s biggest shareholder after purchasing $2.89 billion worth of stake, according to a regulatory filing revealed on Monday by the Securities and Exchange Commission.

According to the SEC filing, Musk now holds a 9.2% passive stake in the social media giant. He owns 73,486,938 shares of common stock out of 800,641,166 Twitter shares. That means, Musk now owns nearly 10% of Twitter.

Twitter co-founder Jack Dorsey holds a 2.25% stake, according to Axios. Twitter shares surged about 26% in premarket trading after the news broke out that Musk bought Twitter shares.

This move comes after social media users told Musk to buy Twitter after he held a poll on the social media platform asking followers whether Twitter adhered to free speech or not.

 » Read full article

Related articles