TELETRADER News
4/4, 12:23 PM
(Source: TeleTrader)
Twitter+0.55%
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.