Musk buys $2.9bn stake in Twitter to become biggest shareholderApril 4, 2022 - 17:57 AMT PanARMENIAN.Net - The billionaire Elon Musk has taken an almost $3bn (£2.3bn) stake in Twitter to become the social media platform’s largest shareholder, The Guardian reports. The world’s richest man, who has a penchant for eccentric behavior frequently involving posts on Twitter, has built a 9.2% stake in Twitter, according to filings made to the US Securities and Exchange Commission (SEC) on Monday. The boss of Tesla and SpaceX, who with more than 80 million followers ranks in the top 10 most popular Twitter users globally, paid $2.89bn for the stake at Twitter’s closing share price on Friday. Shares in the microblogging site soared as much as 26% in pre-market trading on the back of the news, adding more than $8bn to its $31.5bn market value before Musk’s interest was made public. After the stock price jump Musk’s shares are now worth about $3.6bn. Musk, who just last week said he was “giving serious thought” to building his own social media platform, now holds a stake more than four times the 2.25% holding of the Twitter co-founder Jack Dorsey. The 50-year-old – who has a personal fortune estimated at $289bn, almost $100bn more than the world’s next richest person, the Amazon founder, Jeff Bezos – has often found himself in trouble for tweeting contentious remarks. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora To buy real estate, Diasporans can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia. Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. |