Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media company

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Tesla CEO Elon Musk has taken a big stake in social media company Twitter, a regulatory filing released Monday showed.

Musk owns 73,486,938 shares of Twitter, which represents a 9.2% stake in the company, according to the Securities and Exchange Commission filing. The stake is worth $2.89 billion, based Twitter's closing price on Friday.

Twitter shares surged more than 25% in the premarket following the news, trading around $49.40 per share.

 

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Ouch Wow 🙃.... Love this ... 😋

Should buy the whole company it'd be richer and less crazy sjw n misinformation

I’ll buy shares when Trump gets his account back! It’s a terrible message sent to alquida and the like, we want America seen as a powerful country, bar a president has brought America down too many pegs, and then Biden, a disaster

Very good 👍🏻👍🏻

He has the largest share at 9%, but not a majority of shares so he has leverage but not majority ownership. If he did & wielded fierce control over it, I'd leave Twitter as would everyone else who uses it as a valid tool for news. Unless...

It must be great to increase the wealth of something just by getting involved. It's a kind of good thing.. applied to those needy, furry and four footed ones in his life it could mean a great generous life for them and their families.

Elon is the 🐐

Now he’ll sell them having made a tidy sum.

Why he's going to change the rules again & put out more folks who otherwise still have a platform to speak on in relative freedom.

midas

Twitter stock to the mooon :) 🚀🚀🚀🚀🚀🚀🚀 twtr $twtr

Clean it up of the druggies in basement !

Twitter is a Private Company. Elon Musks stunt can hurt a lot of people just like he did with dogecoin. Does Elon Musk follow 1st amendment in his Co. Hell No!

Does he think, he's buying himself, freedom of speech lol.

how do you ensure a micro blogging company can't police your posts? easy, you pull a Batman move & 'buy the Bank' ;-)

🧐 did you forget how he did NOT create Tesla? He took over and pushed founder /CEO out. WSJ business

Tesla stock will jump by this

ElonMusk

Welcome back to Twitter Trump 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️ Elon will turn Twitter into a functional “Truth Social”….MAGA and Russian bot must be so happy right now

Liberals are toast 👏👏

Wasn't he saying just a week ago he wanted to start his own social network WTF is with him?

Makes the Bezos purchase of WAPO look like small potatoes. $TWTR $DWAC

Hell yeah…

Brilliant engineering manager but Musk's politics are fucked up. Just because you're good at some things doesn't make you good at everything.

Yay! Free speech inc. to Twitter

damn elonmusk jack this will be interesting…

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The sociopath want to control twitter.

elonmusk if this results in trump coming back to twitter, will not ever buy a elon product

Why just 9%. Take over completely.

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