Twitter has now gotten itself the largest individual shareholder and it’s a familiar name and a business mogul.
Elon Musk is the world’s richest person alive and is worth over 280 billion dollars according to Forbes.
Founder of Tesla Motors,Elon Musk, has now bought a piece of Twitter microblogging and social networking service app.
The business mogul just disclosed that he has bought 73 million shares of Twitter.
This makes him a 9.2% owner of Twitter to be very precise here.
It also makes him the single biggest shareholder of the company than even the mutual fund and exchange-traded fund investors in the company.
Elon Musk is of course of one Twitter’s power users.
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It’s one of his primary ways of engaging the world overall.
The business mogul has not only moved stock and cryptocurrency but also against the stock ire of a lot of regulators.
Some of them believe his tweets could amount to some kind of market manipulation.
So it’s not perhaps out of the realm of the reason he bought a 9.2% share of Twitter.
This comes of course less than a couple of weeks after Musk tweeted of all things a very sharp criticism of Twitter for not promoting free speech.
So it’s very drama building his Tesla and Space X companies on Twitter.