Elon Musk has taken a 9.2% stake in Twitter, making him the company’s largest shareholder.
According to Forbes Real-time data, Musk is the richest man alive with a net worth of $302.1 billion.
The second-largest shareholding in Twitter is an 8.8% stake owned by the mutual-fund company Vanguard. Jack Dorsey, Twitter’s founder and former CEO only owns 2.3% of the company.
With this, the Twitter stock (TWTR) gained 27.13% on Monday’s trading session. This is the biggest intraday gain in the stock following its IPO listing in 2013. Musk’s 73,486,938 shares in the social media platform are worth $2.89bn based on Twitter’s closing price on Friday.
A regular Twitter user with more than 80 million followers, Musk said…
Read full article at ShareSansar.com