Global News

Elon Musk Buys 9.2% Stake In Twitter, Microblogging Apps Shares Rise By 26%

Elon Musk Buys 9.2% Stake In Twitter, Microblogging Apps Shares Rise By 26% (Updated: 2 months ago)


The richest man in the world, Elon Musk has bought a 9.2 percent stake in Twitter.

As a result of his purchase, shares of the social media giant soared by about 26% on Monday.

According to Bloomberg, the news was announced in a regulatory statement on Monday, which led to the rise in shares during pre-market trading.

Recall that last week, Musk had announced that he was considering building his own social media platform, criticizing Twitter for not adhering to free speech principles.

He stated this while replying to a Twitter user’s question on whether he would consider building his own social media platform from the ground up.

“Am giving serious thought to this,” Musk had replied.

The Tesla founder had also created a Twitter poll asking his 80+ million followers to vote on whether they believed Twitter adheres to free speech policy as it is essential to a functioning democracy.

About 70% of those that responded voted “no” to which Musk replied that it meant Twitter was undermining democracy.

Tags

Add a coment

Recent Posts

Chidinma
Chidinma
Yomi Blaze
Yomi Blaze
Yonda
Yonda
Umu Obiligbo
Umu Obiligbo
Lil Frosh
Lil Frosh
Terry Apala
Terry Apala
Sarz
Sarz
Jumabee
Jumabee
Terry G
Terry G
DJ OP Dot
DJ OP Dot
Ojayy Wright
Ojayy Wright
Ayanfe Viral
Ayanfe Viral
Klever Jay
Klever Jay
Asake
Asake
Broda Shaggi
Broda Shaggi
SuperBalat
SuperBalat
Solidstar
Solidstar
King Perry
King Perry
BigerTinz
BigerTinz
Dapo Tuburna
Dapo Tuburna
Faze
Faze
Barry Jhay
Barry Jhay
Falz
Falz
Phyno
Phyno
MC Galaxy
MC Galaxy
Seyi Vibez
Seyi Vibez
Duncan Mighty
Duncan Mighty
Sarkodie
Sarkodie
Davido
Davido
Rema
Rema
B-Red
B-Red
LK Kuddy
LK Kuddy
Sound Sultan
Sound Sultan
Yemi Alade
Yemi Alade
Ijoba...
Ijoba...
DJ Jasz
DJ Jasz
Adol
Adol
Wande Coal
Wande Coal
Blaq Jerzee
Blaq Jerzee
Mr Real
Mr Real
NAIJAKIT.COM