Elon Musk Snaps Up 3 Billion Twitter Stake
Elon Musk has now become Twitter’s largest shareholder and he is followed by an 8.8 percent stake owned by the mutual-fund company Vanguard and the 2.3 percent stake of Jack Dorsey, Twitter’s former chief executive. After news of Elon Musks’ buy-in was announced, Twitter shares soared about 25% in pre-market trading. At the time of writing this article, Elon Musk has more than 80 million followers on Twitter. Despite being the world’s richest man, Musk doesn’t hesitate to share memes on his Twitter account alongside updates from the companies he owns – including SpaceX and Neuralink....