Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media company

3 yıl önce

Elon Musk speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022.

Jim Watson | AFP | Getty Images

Tesla CEO Elon Musk has taken a big stake in social media company Twitter, a regulatory filing released Monday showed.

Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to the Securities and Exchange Commission 13G filing. The stake is worth $2.89 billion, based Twitter's closing price on Friday.

Twitter shares surged more than 25% in the premarket following the news, trading around $49.40 per share.

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