2022-04-07 12:40
Social Media
Alex Lowe

Elon Musk has acquired a 9.2% stake in Twitter

Elon Musk has acquired a 9.2% stake in Twitter

Tesla CEO, Elon Musk has acquired a 9.2% in Twitter this week instantly making him the largest shareholder the company has. As a result, the shares of Twitter have increased by 27% since and his stake in the company is worth around $2.89 billion.

As a result of acquiring a stake in Twitter, Elon Musk has also joined the board of Twitter giving him the ability to influence some of the company’s decisions, his term on the board will expire in 2024.

New Twitter CEO Parag Agrawal has said that in talking with Elon Musk over the past few weeks, it has become clear that Elon would be a good addition to the board of Twitter.

So far, Elon has polled his follows on their opinions about whether the platform should have an edit button and earlier this week, Twitter announced it would be adding one.

Alex Lowe

Elon Musk has acquired a 9.2% stake in Twitter

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

Other Posts

Likes on X are now kinda private for everyone
X has now made likes private for nearly everyone, post authors can still see who liked their posts
Bluesky blue tick
Bluesky is adding a new verification process for users and companies
X alternative, Bluesky is now adding a new user verification process with blue ticks
Facebook, Instagram and Threads down worldwide
Meta is experiencing some technical issues today, affecting Facebook, Instagram and Threads
For the first time, Twitter raises the price of its ‘Blue’ subscription
Twitter Blue subscription, which adds edit capability goes up from $2.99 to $4.99