Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder - Investment

Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder - Investment - Nairaland

Nairaland Forum › Nairaland General › Investment › Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder (24384 Views)

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Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by HonNL(op): 1:02pm On Apr 04, 2022

Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing

Elon Musk has built up a 9.2% stake in Twitter, according to filings with the US Securities and Exchange Commission (SEC) on Monday.

Twitter shares jumped 26% in pre-market trading on the back of the news that the world’s richest person holds shares worth almost $3bn in the micro-blogging platform.

Musk, the maverick boss of Tesla and SpaceX who has an estimated $273bn (£208bn) fortune, owned 73,486,938 Twitter shares on 14 March according to the filing. Those shares were worth just under $2.9bn based on Friday’s closing price, but will now be worth about $3.6bn.

SOURCE

The news sent Twitter shares soaring about 25% in pre-market trading.

The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission.

The stake is worth $2.89bn (£2.20bn), based on Twitter's closing price on Friday.

The stake makes him one of the largest shareholders in the company and is more than four times the 2.25% holding of Twitter founder Jack Dorsey.

11 Likes 2 Shares

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by 7thgod: 1:04pm On Apr 04, 2022

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Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by PlayMaker14: 1:06pm On Apr 04, 2022

Elon has beat me to this....

Seun, How much for Nairaland shares?

212 Likes 12 Shares

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by MathewOG(m): 1:14pm On Apr 04, 2022*

Which shares , Seun is not a modern entrepreneur, he doesn’t think of innovation at its core . ( His belief of if it doesn’t break don’t fix it ) is flawed . Nairaland could be Nigerias answer to twitter. Especially during the twitter ban , but dude kept sleeping and enjoying his monthly millions of Naira . Seun should open up Nairaland to innovative thinkers . Soloprenuers don’t last long except you’ve got deep pockets like Musk . Elon still has investors in Tesla ( We own stocks ) , SpaceX , Boring Company , etc. No man is an Island is a REAL quote ……quote author=PlayMaker14 post=111638407]Elon has beat me to this....

24 Likes 76 Shares

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by Administration1: 1:14pm On Apr 04, 2022

Dude keeps getting rich

61 Likes 1 Share

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by Oddfinder: 1:14pm On Apr 04, 2022

Elon my guy

9 Likes 6 Shares

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by sofeo(m): 1:14pm On Apr 04, 2022

Of course musk

1 Like

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by slawormiir: 1:14pm On Apr 04, 2022

Damnnn niggar
Na men be this o...this life nor Balance at all

No wahalar sha we go continue to dey huzzle smart..
Give up nor join

Who give up na im loose guard

88 Likes 3 Shares

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by Firstcitizen: 1:14pm On Apr 04, 2022

Destiny is all

2 Likes

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by MAGG0T(m): 1:15pm On Apr 04, 2022

Elon my Gee, I tap from your grace Odogwu

8 Likes 1 Share

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by tuzle(m): 1:15pm On Apr 04, 2022

In this life en, I must make this money by fire by force but through legal means. I reject poverty in my life. God, Let me even have half of that share amount and my children children can't suffer.

17 Likes 1 Share

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by ButterBurger: 1:15pm On Apr 04, 2022

Money pass money abeg.
See net worth

18 Likes 1 Share

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by EmmaLege: 1:15pm On Apr 04, 2022

haa this man grin

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by ATEAMS: 1:15pm On Apr 04, 2022

From the very beginning you are being told to compare yourself with others. This is the greatest disease; it is like a cancer that goes on destroying your very soul because each individual is unique, and comparison is not possible.

46 Likes 4 Shares

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by revived2: 1:15pm On Apr 04, 2022

E be many things

2 Likes

Re: Elon Musk Snaps Up $3bn Twitter Stake, Becomes Twitter's Largest Shareholder by Nobody: 1:15pm On Apr 04, 2022

He started talking about an alternate Twitter and then few days later, he got the chunk share!

Mr musk is cooking something big. Let's see what the coming days will bring.

6 Likes 1 Share