Elon Musk buys a share package of Twitter and the title of the social network flies to the stock market. It was not the founder of Teslabut this is what was revealed in a document of the Securities and Exchange Commission, the United States federal agency responsible for supervising the stock exchange. From this document it appears that Musk has bought a large package, to be precise 73.5 million shares for 3 billion dollars, equal to 9.2 percent of society. Twitter specifically indicated the trust as the actual purchaser of the shares “Elon Musk Revocable Trust”, Of which the entrepreneur is the only beneficiary.
This makes him the indirect owner of the full share. This operation had its pre-market impact Wall Streetas Twitter shares rose 26% earlier in the day to $ 49.40 per share. Richest man in the world, Elon Muskwho has a personal fortune of $ 267 billion, is a regular user of Twitter, through which he communicates his investments, especially when it comes to cryptocurrencies.
FIRST PROVOKES, THEN BECOMES FIRST TWITTER SHAREHOLDER
In recent days, Elon Musk he had launched a survey on his Twitter profile, in fact criticizing the policies of the social network itself. He disagreed with the platform’s approach to freedom of expression; in fact, the billionaire had even declared that he had considered the hypothesis of creating a new social network. “Since Twitter is in fact a public square, failing to respect the principles of free speech fundamentally undermines democracy. What should be done? Is a new platform needed?”, The provocative tweet from Tesla’s CEO.
Also for this reason the purchase of the shares of Twitter it was a surprise move, which also disproves the theory of the creation of a new social network. Twitter is worth about $ 31 billion on the stock exchange, so the entrepreneur’s stake is 2.89 billion: this makes him the first shareholder of the platform. In fact, it tops the bottom Vanguard and the founder himself Jack Dorsey.
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