Elon Musk bought 9% of Twitter shares and becomes its largest shareholder

Elon Musk bought 9% of Twitter shares and becomes its largest shareholder

It was revealed that Elon Musk bought 9% of Twitter shares, making him its largest shareholder. We tell you all the info here!

The Tesla and SpaceX CEO Elon Musk has just become the largest shareholder of Twitter when buying the 9% of the actions of the social network. This was made known thanks to the registration of a United States Securities and Exchange Commission, where the exact purchase of the 9.2% of the actions of Twitter at a value of 2,890 million dollars.

With this new percentage, Musk becomes the shareholder with the largest proportion of Twitter. Second, there is the group Vanguard with a 8.79% and Morgan Stanley with 8.76%. And a fact that is no less important is that the actions of Twitter they shot a 25% after the acquisition of Musk.

Elon MuskTwitter

Altogether, the Tesla CEO has 73 million shares of Twitterabout a 10% of the company. This is a large percentage, but it is unknown what role it will play. Musk within Twitter since the purchase of these shares does not relate you to any particular function. What is known is that it can act as another external investor.

Still, it’s not a surprise that Musk acquired shares of tweetr. In your personal social network account, the CEO revealed his intention to create his kind of Twitter, since in the latter there is not so much freedom of expression. This purchase could be a strategy to slowly gain power over the social network or simply to do a little research on the market and everything that surrounds an application like Twitter.

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Elon MuskTwitter

At the moment, Twitter It is going through several changes. At the beginning of the year, the founder of the social network, jack dorsey, left his post as CEO and passed the responsibility to Parag Agrawal. And one of the main ideas of the new CEO is to decentralize Twitter, to combat censorship and algorithm impact. Now we can only wait to see if this can be achieved, especially now that one of the users who complained about the social network has just made a significant contribution to the company.