Analysis-Musk's Twitter bet gins up meme stock hype

FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/

NEW YORK (Reuters) - Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social media company's largest shareholder.

The 25-year-old retail worker from Reading, Britain bought into Twitter on Monday after shares surged 27% on news of Musk's investment in the San Francisco-based company.