ASX extends gains as Elon Musk's stake in Twitter boosts US tech stocks
Elon Musk becomes Twitter's largest contributor
American billionaire Elon Musk, CEO of both Tesla Motors, the leading electric car maker, and the space company, SpaceX, acquired a 9.2 percent stake in Twitter, a stake that cost him about $2.9 billion, which makes him the largest shareholder in the social networking platform. A prominent figure of great importance and prestige in the world
Twitter's share price rose more than 26% after it was officially announced today that Elon Musk had acquired 73,486,938 Twitter shares, or about 9.2% of the company's total shares.
elon musk twitter
Musk’s move comes less than two weeks after he criticized Twitter about freedom of expression and questioned the company’s commitment to this principle, saying that Twitter is supposed to serve as a public square for the town, any space for free expression of opinion, and that failure to adhere to these principles undermines democracy. Introduced an alternative social networking platform, but seems to have found paying nearly $3 billion to fix Twitter a lot easier
Elon Musk is one of the most popular public figures on Twitter
Elon Musk is considered one of the most famous public figures on Twitter, as the number of followers of his official account exceeds the barrier of 80 million followers, and the American billionaire uses his Twitter account constantly to express his opinions and promote his new companies and projects, but his controversial tweets cost him a lot previously. The US Securities and Exchange Commission (SEC) Elon Musk $40 million, with forcing him to step down as chairman of the company's board of directors, due to a tweet...