From Twitter-stoker to its largest shareholder
World’s richest man has a love-hate relationship with the social platform of which he now owns nearly 10%
07 April 2022 - 05:00
One of Twitter’s biggest critics, and most controversial tweeters, is now its largest shareholder. Elon Musk this week paid $2.9bn for a 9.2% stake, pushing the social platform’s shares to rise by 30%.
After rumours — based on his tweets — that Musk was perhaps going to start his own social media platform, he opted instead to buy into Twitter. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.