{"id":1042,"date":"2022-04-06T11:33:26","date_gmt":"2022-04-06T11:33:26","guid":{"rendered":"https:\/\/techcavit.com\/?p=1042"},"modified":"2022-04-06T20:18:32","modified_gmt":"2022-04-06T20:18:32","slug":"teslas-ceo-elon-musk-acquires-9-2-stake-in-social-media-company-twitter","status":"publish","type":"post","link":"https:\/\/techcavit.com\/teslas-ceo-elon-musk-acquires-9-2-stake-in-social-media-company-twitter\/","title":{"rendered":"Tesla&#8217;s CEO Elon Musk Acquires 9.2% Stake In Social Media Company Twitter"},"content":{"rendered":"\n<p>Billionaire Elon Musk has yet again made headlines as the <a href=\"https:\/\/techcavit.com\/how-charlie-munger-oddly-inspired-elon-musk-to-never-give-up-on-tesla\/\">Tesla<\/a> and SpaceX CEO recently bought a 9.2% stake in social media company Twitter.<\/p>\n\n\n\n<p>According to the new SEC Filing, Musk holds 73,486,938 shares in Twitter, representing nearly a 9.2% worth of passive stake in the company, which makes him one of the biggest shareholders of the platform.<\/p>\n\n\n\n<h2 id=\"h-musk-buys-9-2-stake-in-social-media-company-twitter\"><strong>Musk Buys 9.2% Stake In Social Media Company Twitter<\/strong><\/h2>\n\n\n\n<p>According to the Securities and Exchange 13G Filing shared on Monday, Musk has acquired a 9.2% stake in Twitter which is worth $2.89 billion. The particular investment has made Musk one of the biggest shareholders of the platform.<\/p>\n\n\n\n<p>Previously, Musk had organized a survey poll on Twitter, asking his followers to provide insight on whether the social media company adheres to the principles of free speech.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Free speech is essential to a functioning democracy.<br><br>Do you believe Twitter rigorously adheres to this principle?<\/p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507259709224632344?ref_src=twsrc%5Etfw\">March 25, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Since the majority of people responded no, the Tesla CEO had stated that he was giving some &#8220;serious thought&#8221; to launching a platform of his own.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Is a new platform needed?<\/p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507777913042571267?ref_src=twsrc%5Etfw\">March 26, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Musk acquiring a stake in Twitter has significantly impacted the prices of its shares, which have surged a striking 27% after the SEC 13G filing was revealed on Monday. The filing also shows that the purchased Twitter shares are held by Musk&#8217;s Revocable Trust, of which he is the sole trustee. Moreover, the surge in shares added $8.38 billion to Twitter&#8217;s market cap, which currently sits at $40.8 billion.<\/p>\n\n\n\n<p>Musk is known as an ardent Twitter user and has always utilized the social media platform to openly voice his opinions on critical matters. Moreover, the Tesla chief boasts a following of 80 million followers, making him one of the biggest tech personalities on Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shares of Twitter surged as much as 27% after the news of Musk acquiring a stake in a social media company went viral on the internet.<\/p>\n","protected":false},"author":5,"featured_media":1043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,190],"tags":[2181,380,2234,2235],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 (Yoast SEO v19.5.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla&#039;s CEO Elon Musk Acquires 9.2% Stake In Social Media Company Twitter - TechCavit<\/title>\n<meta name=\"description\" content=\"The shares of Twitter surged as much as 27% after the news of Musk acquiring a stake in a social media company went viral on the internet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techcavit.com\/teslas-ceo-elon-musk-acquires-9-2-stake-in-social-media-company-twitter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla&#039;s CEO Elon Musk Acquires 9.2% Stake In Social Media Company Twitter - 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