4/4/2022, 12:23 PM (Source: TeleTrader)
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Musk buys 9.2% stake in Twitter

Billionaire Elon Musk holds 9.2% of the common stock of Twitter Inc., the company revealed on Monday in a United States Securities and Exchange Commission (SEC) filing.

Considering that he owns over 73 million shares and that their closing price on Friday was $39.31, the value of Musk's stake stands at $2.9 billion.

Twitter's stock soared 25.77% in premarket after the document was unveiled.

Baha Breaking News (BBN) / MS