Musk takes a $3B bite out of Twitter; now the Tesla mogul has a 9.2% share of the social network

Musk takes a $3B bite out of Twitter; now the Tesla mogul has a 9.2% share of the social network

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/04/musk-twitter-shares-trolled-again/

He’s used Twitter to poll people apparently to make major business decisions. He’s had his hand figuratively slapped (more than once) by regulators over how he’s used the social platform to potentially manipulate the markets. And he’s even said he’s wanted to build a social platform of his own, since owning a digital mouthpiece seems to be the mogul’s (and autocrat’s) current version of having your own super-yacht.

Now Elon Musk is putting some of his money where his mouth has been for years. Today, Twitter published a note confirming that the SpaceX and Tesla entrepreneur has taken a 9.2% share of the company, working out to around $2.9 billion based on Friday’s share price.