Tesla founder Elon Musk has taken a 9.2% stake in Twitter.
<p>
Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing.</p>
<p>
The news sent Twitter shares soaring about 25% in pre-market trading.</p>
<p>
The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission.</p>
<p>
The stake is worth $2.89bn (&pound;2.20bn), based on Twitter&#39;s closing price on Friday.</p>
<p>
The stake makes him one of the largest shareholders in the company and is more than four times the 2.25% holding of Twitter founder Jack Dorsey.</p>
<p>
Musk is a regular Twitter user with more than 80 million followers, although recently he said he is giving &quot;serious thought&quot; to building a new social media platform.</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/world-news/us-billionaire-elon-musk-refuses-to-block-russia-s-news-outlets-from-starlink-internet-154980.html">US billionaire Elon Musk refuses to block Russia&rsquo;s news outlets from Starlink Internet</a></strong></p>
The Ministry of External Affairs (MEA) has taken note of the new guidelines issued by…
The Ministry of External Affairs on Thursday said India refused to sign the joint declaration…
The Ministry of External Affairs spokesperson Randhir Jaiswal said that India, so far have evacuated…
Axiom 4 mission aboard the SpaceX Dragon spacecraft successfully docked at the International Space Station…
In a significant moment for regional cinema and cultural dialogue, the premiere of 'Harmukh', the…
Union Home Minister Amit Shah on Thursday said that languages were not just a medium…