Musk’s stake in Twitter is considered a passive investment, which means Musk is a long-term investor who's looking to minimize his buying and selling of the shares. But the sizable stake, along with Musk's recent comments, indicate that he could be looking to exert some control of the company.
Twitter’s stock surged more than 25 percent before the market open on Monday, while shares of Tesla rose slightly.Early last month, Musk asked a federal judge to nullify a subpoena from securities regulators and throw out a 2018 court agreement in which he had to have someone pre-approve his posts on Twitter. At the time, U.S.
Musk’s revelation about his stake in Twitter comes two days after Tesla Inc. posted lackluster first-quarter production numbers. While the company delivered 310,000 vehicles in the period, the figure was slightly below expectations.
I love watching snowflakes melt
RexannaKeats
He should pay more in taxes not invest in social media, but hey when in America the GOPTaxScam is working for the rich. I wonder how many billionaires received the PPP loans too.
HannahDCox That is a higher percent than the top holding institution (a/o Dec 2021). It will be interesting to see how things change.
ElonJet 😔
So apparently 👆🏽This is what Elon meant by 👇🏽That
Classic pump and dump. Watch.
that is concerning. hopefully the last i hear about his investment here other than him getting frustrated and selling off
Facebook 👎
dollyllamaX10 Oh great it will become more like Facebook now . Barrff 🤮🤮
Like I have said before, Twitter entering the world of censorship was going to have some dire consequences for them. Looks like Musk is bringing that to fruition
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