Elon Musk Becomes Twitter’s Biggest Shareholder After Buying 9.2% Stake

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Elon Musk has become Twitter’s biggest shareholder after taking 9.2% stake in the company, new SEC filing reveals.

The world’s richest man has quadruple the shares of its founder Jack Dorsey. Musk’s passive stake is valued at up to $2.9 billion based upon Friday’s stock close.

The 50-year-old has bought nearly 73.5 million shares, according to a document filed with the US Securities and Exchange Commission.

This news prompted Twitter’s stock to soar to more than 26% in pre-market trade before Wall Street opened on 4th April.

Musk has recently been doubting his ability to communicate freely on the social media platform, tweeting last month about free speech:

In another tweet, Musk said he was ‘giving serious thought’ to create a new social platform.

Huge move from the world’s richest man…

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