Elon Musk Buys 9.2% Passive Stake in Twitter
Musk had recently lambasted Twitter for its development of profile pictures linked to non-fungible tokens, saying the social media company has the wrong priorities.
Tesla CEO Elon Musk holds a 9.2% stake in micro-blogging site Twitter, according to a regulatory filing on Monday. Musk, even though is very active on Twitter, has criticised the platform in the past. Twitter shares rose about 28% in pre-market trading after a 13G filing revealed Elon Musk has taken a 9.2% passive stake in the social media company.
See Tweet:
BREAKING: Elon Musk has taken a 9.2% passive stake in Twitter, Bloomberg News reports https://t.co/qcG7Sq4fGTpic.twitter.com/WFGxQGN7UY
— Bloomberg (@business) April 4, 2022
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(The above story first appeared on LatestLY on Apr 04, 2022 03:48 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
