Elon Musk bought nearly $3 billion in Twitter shares, and according to a filing filed by U.S. Securities Corporation, Elon Musk now holds a 9.2 percent stake in Twitter, the news that sent Twitter shares soaring about 25 percent in pre-IPO deals and a $1 billion rise in Musk's personal wealth. According to the SEC, Tesla founders bought 73486938 twitter shares on March 14. According to Twitter's closing price on Friday, the stake is worth $2.89 billion. The stake makes him one of the company's largest shareholders, more than four times the 2.25 percent stake of Twitter founder Dorsey.
Musk, a regular on Twitter, is similar to a president who has been suspended for "freedom of speech," and Elon Musk has more than 80 million followers on Twitter, though he recently said he was seriously considering building a new social media platform. He often uses Twitter to share the latest information about the companies he owns, including SpaceX and Neuralink, and his sharing is too much, and Elon Musk is humorous, haha, which increases his popularity among fans.
Last year, he tweeted in response to a statement from the head of the U.N.'s World Food Programme WFP that Musk could help solve world hunger with just 2 percent of his wealth. Last October, Musk said he would sell $6 billion worth of Tesla stock and donate it to the World Food Programme, provided it could accurately describe how $6 billion would solve the problem of world hunger.
Last fall, Musk's Tesla Motors, inc. was worth more than $1 trillion, becoming the fifth company to achieve that milestone after Apple, Microsoft, Amazon and Google owner Alphabet. Soon after, he asked on Twitter if users should sell a 10 percent stake in the electric car maker. More than 3.5 million Twitter users voted, and nearly 58 percent voted in favor of the stake sale, leading Musk to sell about $5 billion in the company in November. Last year, Musk also donated more than 5 million shares of Tesla stock to charity, worth about $5.7 billion.
"We anticipate that this passive holding is just the beginning of a broader dialogue with Twitter's board management that could eventually lead to Elon Musk's active and potentially more active ownership role." Analysts said. Because this purchase was made after Elon Musk sent an online vote, he also said that this vote is very important, so many netizens hope that Elon Musk can bring back the tweet that was free enough to speak before.
More critically, what will Elon Musk do next?
