There was an update on April 4, 2022.
The social media giant disclosed in an SEC filing on Monday that Musk has acquired a 9.2% stake in the company.
Musk has a stake in the company.
In its regulatory filing, the social media platform said that Musk had purchased 73.4 million common shares.
The disclosure has led to a 25% surge in the share price. On Monday.
The Financial Times notes that this acquisition would make Musk the company's largest shareholder by a factor of four.
$3.09 billion. Based on Friday's closing price, that's how much Musk's stocks were worth.
The billionaire has yet to issue a public statement about the acquisition, but he previously indicated that he wanted to see changes at the micro-messaging service. The consequences of the poll will be important, as Musk conducted a poll on March 25 asking his followers if they agree with the principle of free speech. After around 70% of 2 million users voted, Musk said that it was failing to adhere to free speech principles and undermine democracy. In December, the billionaire posted a cryptic message depicting the social media platform's newly announced CEO Parag Agrawal as Stalin, while the founder and former CEO of the company was shown being thrown into a river.
According to Forbes, Musk is the richest person in the world with a net worth of almost $300 billion. Jeff Bezos has a net worth of $189.3 billion.
New CEO gets his first public challenge.
Musk took a 9% stake in the social media company.
All Rights Reserved © 2024
