Musk has a nine percent stake in Twitter, and the company’s stock is rising sharply


Updates: 04.04.2022 13:05

New York – Tesla boss Elon Musk has built a 9.2 percent stake in Twitter. This follows from the data of the American stock exchange regulator, which is reported by the Reuters agency. The shares of the social network operator are strengthening sharply after the report.

Musk owns 73.5 million shares in Twitter. According to their final price on Friday, its share is worth $ 2.89 billion (about CZK 64 billion).

Shares of Twitter are adding more than 25 percent in response to the news before today’s start of trading. They sell for almost $ 50 a share.

Musk is a frequent twitter user. More than 80 million people follow him on this network, his contributions are often quoted in the media and he often provokes controversy.

The billionaire from Silicon Valley said in late March that he was “seriously thinking” about building a new social media platform, which Twitter Musk had recently criticized, saying society was undermining democracy by failing to adhere to the principles of freedom of speech.


Source: České noviny – hlavní události by www.ceskenoviny.cz.

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