Friday, 24 March, 2023

Elon Musk acquires 9.2% stake in Twitter

<p>Elon Musk has acquired 73,486,938 shares or 9.2% passive stake in Twitter. Elon Musk is now the company&rsquo;s largest shareholder as even Jack Dorsey, Founder of Twitter, only owns 2.25%. This acquisition is worth about $2.89B. A regulatory filing revealed that Musk had purchased the shares three weeks before March 14. This news comes four months after Jack stepped down as CEO and the then CTO, Parag Agarwal was promoted to the CEO of Twitter.&nbsp;</p>