Suddenly, Tesla’s Elon Musk is Twitter’s biggest stakeholder
Tesla CEO Elon Musk owns a 9% stake in Twitter and is now the social media platform’s largest shareholder. The ultimate aim of Musk’s 73.5 million share purchase worth $3 billion is not clear, yet in late March Musk, who has 80 million Twitter followers, questioned free speech on Twitter and whether the platform is undermining democracy.
The regulatory filing Monday says Musk bought the shares on March 14, describing him as a long-term investor looking to minimize his buying and selling of the shares. Musk has also raised the possibility, publicly before his massive and loyal Twitter following, of starting a rival social media network.
By MICHELLE CHAPMAN and TOM KRISHER
AP Business Writers
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