Per Editor: Peng Shuiping
A shares are still on holiday, U.S. stocks continue to trade, on the evening of April 4, the biggest financial event of U.S. stocks is that Twitter once soared 30%, closed up 27.12%, the transaction volume was released, and the turnover rate was as high as 33.59%!
The reason behind this is that Tesla CEO Musk holds a 9.2% stake in Twitter, becoming the single largest shareholder of Twitter!
Musk already owns 73486938 shares of Twitter, or 9.2 percent of Twitter's common stock, worth $2.89 billion, or 18.4 billion yuan, according to the U.S. Securities and Exchange Commission's disclosure filings. At Monday's closing price, the value of the shares has gone to $3.67 billion, or 23.3 billion yuan.
After Monday's surge, Twitter's market value soared from $31.5 billion to $40 billion, soaring $8.5 billion overnight, equivalent to 54 billion yuan.
Meanwhile, Tesla shares surged 5.61 percent on Monday, with a market value jump of $62.929 billion, or 400 billion yuan.
According to twitter's public information at the end of 2021, the single largest shareholder is VANGUARD GROUP INC (Pioneer Investment), and its shareholding number is 8.8% of Twitter's total share capital. That said, Musk has now replaced Vanguard as Twitter's single largest shareholder.
However, it should be noted that although he has become the largest shareholder of Twitter, this does not mean that Musk has become the actual controller of Twitter.
And on March 27, Musk tweeted that he was seriously considering building a new social platform.
On March 22, the U.S. Securities and Exchange Commission (SEC) said in a filing that Musk's attempt to overturn a 2018 court agreement on which his tweets were approved in advance was invalid. Musk had said in a 2018 tweet that he was considering taking Tesla private, and the SEC has since accused Musk of intending to mislead investors, and finally the two sides reached a settlement, and Musk needs to get approval from Tesla's lawyers before issuing certain tweets. Musk is seeking to end the SEC's oversight of his tweets, claiming the 2018 settlement "trampled" on his freedom of expression. He is also pleading with the court to block the SEC from issuing a subpoena to censor the content of his tweets.
Image source: Visual China - VCG111307816275
According to the China Fund News, the plot of the whole thing is like this:
Musk Launches Vote: Do You Think Twitter Is 'Fair'? Shoot well, the result is important.
70% netizens: Unfair!
Musk: But this is indeed a big square of the Internet, and it is unfair to put a speech here, what to do?
Netizen: Why don't you buy it?
A week later, Musk bought Twitter stock and became one of the largest shareholders.
"Musk may try to take a more aggressive stance on Twitter," some analyst said, "and that could eventually lead to some form of acquisition." ”
Source: Daily Economic News Comprehensive Public Information, China Fund News
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