Musk is top shareholder of Twitter


Prolific user: Musk’s actual investment is a very small percentage of his wealth and an all-out buyout should not be ruled out. — AFP

NEW YORK: Tesla Inc boss Elon Musk has disclosed a 9.2% stake in Twitter Inc, worth nearly US$3bil (RM12.65bil), making him the micro-blogging site’s largest shareholder and triggering a rise of more than 27% in the company’s shares.

Musk’s move, revealed in a regulatory filing, comes on the heels of his tweet that he was giving “serious thought” to building a new social media platform, while questioning Twitter’s commitment to free speech.

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