KONTAN.CO.ID - NEW YORK. Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed on Monday, potentially making him the biggest stakeholder in the micro-blogging site. Twitter shares soared 26% in premarket trading after the filing, which comes close on the heels of Musk tweeting that he was giving "serious thought" to building a new social media platform. Shares of other social media firms, including Meta Platforms and Snapchat owner Snap Inc, were also trading higher.
Musk Reveals 9.2% Stake in Twitter, Shares Surge 26%
KONTAN.CO.ID - NEW YORK. Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed on Monday, potentially making him the biggest stakeholder in the micro-blogging site. Twitter shares soared 26% in premarket trading after the filing, which comes close on the heels of Musk tweeting that he was giving "serious thought" to building a new social media platform. Shares of other social media firms, including Meta Platforms and Snapchat owner Snap Inc, were also trading higher.