FILE - The logo for Twitter appears above a trading post on the floor of the New York Stock Exchange, Monday, Nov. 29, 2021. Elon Musk is taking a 9.2% stake in Twitter. Musk purchased approximately 73.5 million shares, according to a regulatory filing.
Industry analysts are skeptical about whether the mercurial CEO will remain on the sidelines for long. Twitter’s stock surged more than 25% Monday. Since Musk bought his stake on March 14, shares of Twitter are up nearly 50%.FILE - Tesla CEO Elon Musk attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022. Elon Musk is taking a 9.2% stake in Twitter. Musk purchased approximately 73.5 million shares, according to a regulatory filing.
The funding was far from secured and the electric vehicle company remains public, but Tesla’s stock price jumped. The settlement specified governance changes, including Musk’s ouster as board chairman, as well as pre-approval of his tweets. The SEC brought a securities fraud charge, alleging that Musk was manipulating the stock price with his posts.
The SEC disclosed that it is investigating Musk’s Nov. 6, 2021 tweets that asked followers whether he should sell 10% of his Tesla stake. The commission confirmed that it issued administrative subpoenas while investigating whether Musk and Tesla are complying with disclosure controls in the 2018 agreement.
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Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media companyTesla CEO Elon Musk has taken a big stake in social media company Twitter, a regulatory filing released Monday showed. Killed children under the age of 10 with signs of rape and torture were found in Bucha and Irpen. CHILDREN. RELATED. ROLLED OUT. KILLED. RussiaWarCrimes RussianRapists RussiaKillsCivilians stopgenocideinUkraine RussianTerrorism elonmusk if this results in trump coming back to twitter, will not ever buy a elon product Why just 9%. Take over completely.
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Tesla CEO Elon Musk takes a 9% stake in TwitterTesla CEO Elon Musk is taking a 9.2% stake in Twitter. Great elonmusk ! Yes, total freedom of expression will soon be realized. Ahh yes. The beginning of the end. No app lasts forever. Twitter, the bell tolls for thee.
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Elon Musk buys large stake in TwitterNEW: Elon Musk has bought a 9.2% stake in Twitter, according to a regulatory filing released today. He criticized the company last month for 'failing to adhere to free speech principles.' So he’s gonna let Racists, bigots, psychopaths, and propaganda bots run amok on Twitter? Is that where we are? Well, looks around, this used to be a decent place. He bought Twitter because it is stifling free speech. He obviously understands the power of brand recognition, or else he would have lounged a new social media platform. I applaud Elon, and support him in canceling the cancel culture.😂
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Elon Musk buys 9 percent stake in TwitterThe stock-buying revelation comes as Musk has emerged as one of the loudest and most prominent critics of Twitter’s moderation efforts. 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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