Home » Markets » Elon Musk becomes Twitter's largest shareholder: Who are the other top holders?
Elon Musk becomes Twitter's largest shareholder: Who are the other top holders?
Elon Musk joins Twitter board of directors as company’s largest shareholder
‘Kudlow’ host Larry Kudlow discusses Elon Musk joining Twitter’s board of directors and how Musk might push for free speech on the platform on ‘The Evening Edit.’
Elon Musk's newly acquired 9.2% stake in Twitter has suddenly made him its largest shareholder, catapulting him above the social media company's co-founder and former CEO Jack Dorsey.
The Tesla chief executive disclosed the purchase in a Securities and Exchange Commission filing on Monday, sending Twitter shares soaring for the largest one-day rally since the company went public in 2013. The filing, dated March 14, revealed that Musk bought about 73.5 million shares for roughly $2.9 billion. Those shares have increased in value by roughly $1 billion.
ELON MUSK PURCHASES STAKE IN TWITTER AFTER SLAMMING ITS APPROACH TO ‘FREE SPEECH’
Musk's stake elbowed Vanguard Group from the top shareholder spot to No. 2, according to data from FactSet. Vanguard Group has an 8.4% stake in the company.
Stocks in this Article
Morgan Stanley Investment Management, meanwhile, fell to No. 3, with holdings of 8.1%.
MarketsComments Off on Elon Musk becomes Twitter's largest shareholder: Who are the other top holders?