San Francisco, April 4
Tesla CEO Elon Musk revealed a 9.2% stake in Twitter. He has bought approximately 73.5 million shares, according to a filing on Monday. Twitter’s stock surged over 25% before the market opened on Monday.
Musk’s stake in Twitter is considered a passive investment, which means Musk is a long-term investor. “We would expect this passive stake as just the start of broader conversations with the Twitter management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter,” Dan Ives of WedBush Securities said. — AP
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
Deeply biased: MEA on US report citing human rights violations in India
The annual report of the State Department highlights instanc...
Couldn't talk due to strictness of jail authorities: Amritpal's family after meeting him in jail
Their visit comes a day after Singh's legal counsel Rajdev S...
Centre grants 'Y' category security to Phillaur MLA Vikramjit Chaudhary and 2 other Punjab Congress rebels
The Central Reserve Police Force has been directed by the Mi...
First Sikh court opens in UK to deal with family disputes
According to ‘The Times’, the Sikh court was launched last w...
