Looks like Elon Musk is making good on his promise to fight against Big Tech censorship.
Musk just bought 9.2% in Twitter stock – this makes him the largest outside stakeholder in the company.
FT: Elon Musk becomes Twitter's biggest shareholder after taking 9.2% stake in company
— Josh Caplan (@joshdcaplan) April 4, 2022
Twitter’s stock soared by more than 25 percent in pre-market trade on Wall Street Monday, after Tesla boss Elon Musk took a major stake in the social media company.
According to a document filed with the US Securities and Exchange Commission (SEC), Musk acquired nearly 73.5 million Twitter shares — a 9.2 percent stake in the company.
Based on Friday’s closing price of the company’s stock, the South African-born billionaire’s investment amounts to nearly $2.9 billion.
At 11:15 GMT, Twitter’s stock was trading at about $49, up by around 26 percent.
More:
Elon Musk Sends Warning Shot At Twitter – “Consequences Of This Poll Will Be Important”
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