News > Musk takes 9% stake, valued at $3 bn, in Twitter to become top shareholder 

Musk takes 9% stake, valued at $3 bn, in Twitter to become top shareholder 

Business Standard | 04/04/2022 11:03 PM | Click to read full article

Tesla Inc. top boss Elon Musk revealed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site's largest shareholder and triggering a more than 25% rise in the company's shares.

Musk's move comes close on the heels of his tweet that he was giving a "serious thought" to building a new social media platform while questioning Twitter's commitment to free speech.