{"id":19059,"date":"2022-04-04T07:37:02","date_gmt":"2022-04-04T14:37:02","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19059"},"modified":"2022-04-04T07:37:04","modified_gmt":"2022-04-04T14:37:04","slug":"elon-musk-becomes-twitters-largest-shareholder","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/elon-musk-becomes-twitters-largest-shareholder\/","title":{"rendered":"Elon Musk Becomes Twitter\u2019s Largest Shareholder"},"content":{"rendered":"\n<p>Twitter, Inc. (NASDAQ: TWTR) shares up more than 20% after announcement that Tesla CEO, Elon Musk, purchased a 9.2% stake in the social media company. This makes Elon the largest shareholder of Twitter. According to a report by Yahoo Finance, Musk\u2019s stake is worth about $3 billion (based on Friday\u2019s closing stock price), and is, currently, defined as a passive stake.\u00a0<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Free Speech Policies<\/h5>\n\n\n\n<p>The Tesla CEO has been critical of the Social Media\u2019s policies regarding free speech, and has even floated the idea of creating a new social media platform that would compete against Twitter.\u00a0<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>&#8220;Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?&#8221;<\/p><cite>Musk said in the tweet earlier in March.\u00a0<\/cite><\/blockquote>\n\n\n\n<p>There are speculations that Musk could become a more active player in Twitter\u2019s operations.\u00a0<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>\u201cMusk could try to take a more aggressive stance here on Twitter. This eventually could lead to some sort of buyout.\u201d<\/p><cite>Wedbush analyst Dan Ives said Monday on CNBC\u2019s \u201c<a href=\"https:\/\/www.cnbc.com\/squawk-box-us\/\">Squawk Box<\/a>.<\/cite><\/blockquote>\n\n\n\n<p>&#8220;We would expect this passive stake as just the start of broader conversations with the Twitter board\/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter,&#8221; Ives said.<\/p>\n","protected":false},"excerpt":{"rendered":"Twitter, Inc. (NASDAQ: TWTR) shares up more than 20% after announcement that Tesla CEO, Elon Musk, purchased a 9.2% stake in the social media company. This makes Elon the largest shareholder of Twitter. According to a report by Yahoo Finance, Musk\u2019s stake is worth about $3 billion (based on Friday\u2019s closing stock price), and is,&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/elon-musk-becomes-twitters-largest-shareholder\/\">View Article<\/a>","protected":false},"author":3,"featured_media":19060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,11,7,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk Becomes Twitter\u2019s Largest Shareholder - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/elon-musk-becomes-twitters-largest-shareholder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk Becomes Twitter\u2019s Largest Shareholder - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Twitter, Inc. (NASDAQ: TWTR) shares up more than 20% after announcement that Tesla CEO, Elon Musk, purchased a 9.2% stake in the social media company. This makes Elon the largest shareholder of Twitter. According to a report by Yahoo Finance, Musk\u2019s stake is worth about $3 billion (based on Friday\u2019s closing stock price), and is,... 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(NASDAQ: TWTR) shares up more than 20% after announcement that Tesla CEO, Elon Musk, purchased a 9.2% stake in the social media company. This makes Elon the largest shareholder of Twitter. According to a report by Yahoo Finance, Musk\u2019s stake is worth about $3 billion (based on Friday\u2019s closing stock price), and is,... 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