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Tesla CEO Elon Musk Has Bought 9.2% Stake In Twitter

Tesla CEO Elon Musk Has Bought 9.2% Stake In Twitter

Twitter Jumps 27.6% After Musk Buy Disclosed

by Producer Wignz
April 5, 2022
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Big technology and communications stocks helped the stocks close out on a high Monday. It had a lot to do with Twitter which soared 27.6% after a big investment in the company from Tesla’s CEO Elon Musk.

Twitter had the biggest gain after the company disclosed that Musk had taken a 9.2% stake in the social media network. As recently as last week, Musk has publicly questioned the company’s commitment to free speech. He even asked several days ago, “if a new platform was needed” prior to the announcement.

Is a new platform needed?

— Elon Musk (@elonmusk) March 26, 2022

With only 9% stake in the company it is yet to be seen what his influence will be on the social media platform.

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