Topline Tesla CEO Elon Musk has acquired a 9.2% stake in Twitter, the social media giant disclosed in an SEC filing on Monday, a move that comes weeks after the billionaire accused Twitter of failing to adhere to free speech principles. Elon Musk has acquired a 9.2% stake in Twitter. ASSOCIATED PRESS Key Facts In its regulatory filing, Twitter said Musk purchased around 73.4 million common shares in the social media platform. The disclosure has led to a 25% surge in Twitter’s share price in pre-market trading at 7:15 a.m. ET on Monday. This acquisition would make Musk the company’s largest shareholder, nearly four times the size of founder Jack Dorsey’s 2.25% stake, the Financial Times notes. Big Number $2.89 billion…. Click below to read the full story from Forbes
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