Musk takes 9% stake in Twitter to become top shareholder - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 2022/04/05 2:37:00
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Tesla Inc top boss Elon Musk revealed a 9.2% stake in Twitter Inc on Monday, likely making him the biggest shareholder in the micro-blogging site and triggering a 23% rise in its shares.

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Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake Musk’s move comes close on the heels of his tweet that he was giving a “serious thought” to building a new social media platform while questioning Twitter’s commitment to free speech.

A prolific Twitter user, Musk has over 80 million followers since joining the site in 2009 and has used the platform to make several announcements, including teasing a go-private deal for Tesla that landed him in regulatory scrutiny.

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