Tesla CEO Elon Musk now owns 9,2 percent of it Twitter according to a filing released today by Bloomberg News. According to the publication, Musk bought the stake on March 14.
Musk has long been one of the users who have more than 80 millions followers. So from today and after the announcements, he is also considered the largest shareholder of Twitter after he bought 9,2% of its shares companys.
The richest man in the world with a fortune of about 273 billion dollars bought almost 73,5 million shares, according to a document submitted to the US Securities and Exchange Commission.
That means Tesla co-founder owns more than four times as many as Twitter founder Jack Dorsey, who owns 2,25%.
The news, of course, caused Twitter to jump more than 26% before Wall Street opened on Monday, which means the company now stands at about $ 3,6 billion, earning $ 1,2 billion in three weeks.
Musk's share is worth about $ 2,89 billion, based on the market closing on Friday.
Let's say that recently Elon Musk even criticized free speech on Twitter, through a poll that went viral.
In the poll, the members of the platform asked if they believe that there is freedom of speech on Twitter. 70% of the users answered no. Musk later tweeted that he was seriously considering setting up a new social networking platform.
