Elon Musk become the biggest shareholder of Twitter

 

With the recent purchase by Elon Musk, he has become the largest shareholder in the Twitter social network. According to the US Securities and Exchange Commission, Elon Musk, the world's richest man with $ 273 billion in assets, has bought 73,486,938 shares in Twitter. That's 9.2% of Twitter's total ownership.

Jack Dorsey, co-founder of Twitter, also owns only 2.25% of the company, and Elon Musk now owns more than four times as many shares. The deal is reported to be worth about $ 2.4 billion.

With the news that Elon Musk has bought a majority stake in Twitter, the share price of Twitter has increased by about 26%. That means Musk's shares are now worth approximately $ 3.6 billion, making $ 1.2 billion in profits in about three weeks.

Elon Musk has made this investment in Twitter as a passive investment. That is to say, this investment has been made with the intention of making a profit in the long run. It is reported that Musk is going to make some changes to Twitter, for example, to protect the freedom of expression in the service and to provide the facility to edit tweets that Twitter users have been requesting for a long time.

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