Twitter on Track for Its Best Day Since IPO After Musk Buys in

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Twitter’s stock soared after Tesla and SpaceX CEO Elon Musk acquired a 9.2% passive stake in the company.

The company closed up nearly 73% after its public debut on Nov. 7, 2013. The stock is still down nearly 37% from its all-time high in February 2021.

expect the outspoken executive to take a more aggressive stance. That could include increasing his stake or taking a controlling interest in the company in an effort to push for change.

 

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Elon Musk Buys 9.2 Percent Stake in Twitter, Sending Stock SoaringThe stake was worth around $2.89 billion, based on the company's closing price Friday. Bad investment lol But that’s not enough to change anything. So why?
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Elon Musk Acquires 9.2% Stake In TwitterTesla CEO Elon Musk acquired a 9.2% stake in Twitter, amounting to $2.89 billion as of Friday's closing price. This makes Musk the company's largest shareholder, nearly four times the size of founder Jack Dorsey's 2.25% stake, according to reports. 遊ぼうよ! Does this give him a controlling stake, or does it just increase his voting rights? Idk how it works
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