Apr 10, 2022

Elon Musk now owns 9.2% of Twitter, paying $3 billion for his shares

Posted by in category: Elon Musk

The prolific Twitter user knows from experience what might be the best for the social media platform.

Elon Musk bought 73,486,938 Twitter shares on March 14, amounting to a 9.2 percent stake in Twitter, a U.S. Securities and Exchange Commission (SEC) filing reveals.

The stake makes Elon Musk one of Twitter’s largest shareholders as he now owns more than four times Twitter founder Jack Dorsey’s holding of 2.25 percent, according to the BBC.

The Tesla and SpaceX CEO, who has gotten into trouble over his behavior on Twitter in the past, recently tweeted about his belief that the social media platform is failing to rigorously adhere to free speech principles.

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