Elon Musk, the founder of Tesla, buys 9.2% of Twitter

Elon Musk, the founder of Tesla, buys 9.2% of Twitter


According to Forbes, Musk is the second richest man in America in 2021, behind Jeff Bezos.

Elon Musk, the founder and CEO of Tesla, has indirectly bought a 9.2% stake in the technology company Twitter. The billionaire businessman has become the company’s largest shareholder and has caused a 26% rise in Twitter shares.

The businessman, who, according to Forbes, is the second richest man in America, has acquired a package of 73.5 million shares in the purchased company. Therefore, at the price at which the shares closed last Friday, Musk’s participation is equivalent to 2,624 million euros.

A week and a half ago, Musk himself asked his followers on Twitter if they considered that this social network adheres “rigorously” to the principle that freedom of expression is essential for democracy. Two days after the result of the survey, where the majority of his followers voted negatively, the businessman wondered if a new social network that complied with this principle was “necessary”.


Source: Eitb

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