Categories: World

Elon Musk buys $3 billion 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 (£2.20bn), based on Twitter'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 "serious thought" 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’s news outlets from Starlink Internet</a></strong></p>

IN Bureau

Recent Posts

VINBAX 2024: Vietnam-India bilateral army exercise concludes at Kaushalya Dam

The fifth edition of the historic Indo-Vietnam Joint Field Training Exercise, VINBAX-2024, successfully concluded its…

16 hours ago

India-Russia strengthen defence ties at 22nd Working Group meeting on military technical cooperation

The 22nd meeting of the India-Russia Working Group on Military technical cooperation and defence industry…

16 hours ago

“I want to have strong representation of India at World Nuclear Exhibition 2025”: Sylvie Bermann

Sylvie Bermann, President of the World Nuclear Exhibition expressed confidence in India's nuclear supply chain…

17 hours ago

PoJK: Joint Awami Action Committee protests against government following new ordinance, many injured

Joint Awami Action Committee core member Shaukat Nawaz Mir has condemned the attack of police…

17 hours ago

PM Modi meets 31 world leaders, heads of organisations during his 3-nation foreign visit

Prime Minister Narendra Modi participated in 31 Bilateral Meetings and informal interactions with global leaders…

20 hours ago

India- Australia conduct 11th Indian Air Force-Royal Australian Air Force Air Staff Talks

India and Australia conducted the 11th edition of the Indian Air Force and Royal Australian…

20 hours ago