Elon Musk Takes 9.2% Stake in Twitter

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Twitter shares rose up to 28 per cent in pre-market trading following news of Tesla CEO Elon Musk buying a 9.2% stake in Twitter.

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Elon Musk's decision to buy a 9.2% stake in Twitter is surprising, as Musk has always been critical of Twitter's policies.

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Recently, it was also reported that Elon Musk will start a new social media platform to compete with Twitter.

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Twitter shares jump up to 28%

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Based on the closing price of Twitter shares on Friday, 9.2 percent (7.35 million) shares are valued at $2.89 billion.

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This information was given to the US stock markets by Twitter on Monday. Following this news, Twitter's shares rose 28.49% to $50.51 in pre-market trading.

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Let us tell you that Elon Musk, the CEO of American electric car company Tesla, is currently the richest man in the world.

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According to experts, this is Elon Musk's master stroke. As soon as the news of Elon Musk buying a stake in Twitter came, Twitter's stock started running like a rocket.

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Today we have brought for you Top 20 High volume Low price stocks for intraday in 2022.

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