Tesla CEO Elon Musk has become Left-wing social media platform Twitter’s largest shareholder, taking 9.2% stake in Twitter Inc.
Musk now has four times as many shares as Twitter founder Jack Dorsey, who owns 2.25%.
“Twitter shares surged about 26% in premarket trading after the regulator filing released Monday detailing Musk buying the holding,” Bloomberg reported. “The stake is worth about $2.89 billion, based on Friday’s market close.”
The move comes after Musk teased a shakeup at Twitter, or possible plans to build a new social media platform that promotes free speech.
Read more at The Daily Wire