{"id":137698,"date":"2022-04-04T09:02:19","date_gmt":"2022-04-04T14:02:19","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/04\/elon-musk-buys-9-2-stake-in-twitter-becomes-the-largest-shareholder"},"modified":"2022-04-04T09:02:19","modified_gmt":"2022-04-04T14:02:19","slug":"elon-musk-buys-9-2-stake-in-twitter-becomes-the-largest-shareholder","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/04\/elon-musk-buys-9-2-stake-in-twitter-becomes-the-largest-shareholder","title":{"rendered":"Elon Musk buys 9.2% stake in Twitter, becomes the largest shareholder"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/elon-musk-buys-9-2-stake-in-twitter-becomes-the-largest-shareholder2.jpg\"><\/a><\/p>\n<p><em>Musk\u2019s shareholding is more than four times the 2.25% stake held by Twitter founder Jack Dorsey.<\/em><\/p>\n<p>According to a <a href=\"https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001418091\/f66f56c1-eb52-43f8-a7ff-992dc80a7396.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">13G filing<\/a> published today, Tesla CEO Elon Musk now owns 9.2 percent of Twitter, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-04\/musk-takes-9-2-stake-in-twitter-after-questioning-platform?cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_content=business&utm_medium=social&utm_source=twitter\" target=\"_blank\" rel=\"noreferrer noopener\">Bloomberg News reports<\/a>. Musk purchased the stock on March 14th, according to the filing. Musk has long been a high-profile Twitter user, and he recently questioned his over 80 million followers on the platform\u2019s commitment to free speech. Twitter\u2019s stock price rose more than 25% in pre-market trading as a result of the announcement.<\/p>\n<p>According to <a href=\"https:\/\/www.cnbc.com\/2022\/04\/04\/twitter-shares-soar-more-than-25percent-after-elon-musk-takes-9percent-stake-in-social-media-company.html\" target=\"_blank\" rel=\"noreferrer noopener\">CNBC<\/a>, Musk\u2019s Twitter stocks were worth $2.89 billion based on Friday\u2019s closing price. Although Musk\u2019s shares are categorized as a passive investment, Wedbush analyst Dan Ives told CNBC that the purchase \u201ccould lead to some sort of buyout.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Musk\u2019s shareholding is more than four times the 2.25% stake held by Twitter founder Jack Dorsey. According to a 13G filing published today, Tesla CEO Elon Musk now owns 9.2 percent of Twitter, Bloomberg News reports. Musk purchased the stock on March 14th, according to the filing. Musk has long been a high-profile Twitter user, [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019],"tags":[],"class_list":["post-137698","post","type-post","status-publish","format-standard","hentry","category-elon-musk"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/137698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=137698"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/137698\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=137698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=137698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=137698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}