A 13G filing released today shows that on March 14, Musk purchased 73,486,938 Twitter shares, which represents a 9.2% passive stake in the company, of which he…
What just happened? Most of the—often controversial—things Elon Musk says comes from his Twitter account, but it seems he’s not happy about the platform’s stance toward « free speech. » So what’s the world’s richest person to do? Buy a 9.2% stake in Twitter worth around $2.89 billion, sending the company’s share price soaring. A 13G filing released today shows that on March 14, Musk purchased 73,486,938 Twitter shares, which represents a 9.2% passive stake in the company, of which he is now the largest shareholder. Interestingly, the news comes around one week after Musk tweeted out a poll to his 80 million+ followers asking, « Free speech is essential to a functioning democracy.
