Elon Musk Takes 9.2% Stake in Twitter
Tesla Boss Elon Musk Becomes biggest shareholder in the microblogging site Twitter.
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.
Elon Musk's decision to buy a 9.2% stake in Twitter is surprising, as Musk has always been critical of Twitter's policies.
Recently, it was also reported that Elon Musk will start a new social media platform to compete with Twitter.
Twitter shares jump up to 28%
Twitter shares jumped up to 28% after the news of Elon Musk becoming Twitter's top shareholder.
Based on the closing price of Twitter shares on Friday, 9.2 percent (7.35 million) shares are valued at $2.89 billion.
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.
Let us tell you that Elon Musk, the CEO of American electric car company Tesla, is currently the richest man in the world.
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.
Today we have brought for you Top 20 High volume Low price stocks for intraday in 2022.
Top 20 Low Price Stocks