“Twitter shares soar more than 20% after Elon Musk takes 9% stake in social media company”
April 4, 2022
“Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech.
Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to a Securities and Exchange Commission 13G filing released Monday. The stake is worth $2.89 billion, based Twitter’s closing price Friday…”
I don’t think Twitter is a good investment. Maybe Musk knows something we don’t. Then again maybe he just wanted stake in a social media platform.