Bhubaneswar: Twitter shares soared about 25 per cent in pre-market trading after a regulatory finding revealed that Tesla founder Elon Musk had acquired a 9.2% passive stake, becoming the largest single shareholder in the social media giant.
According to the US securities filing, the Tesla founder bought 73,486,938 Twitter shares on March 14. The stake is worth $2.89bn (£2.20bn) and is more than four times the 2.25% holding of Twitter founder Jack Dorsey, Forbes reported.
This came days after the billionaire, who has more than 80 million followers on Twitter, expressed concerns curtailment of freedom of speech by the firm and said that he was considering building a new social media platform.
Check his tweet here:
Baripada: Ten days after being put in a soft enclosure inside Similipal Tiger Reserve (STR)…
Nuapada: Inspector In-Charge (IIC) of Jonk police station in Odisha’s Nuapada district, Gurudev Karmi, has…
Mumbai: The first day of the IPL mega player auction at Jeddah threw up several…
Bhubaneswar: The Odisha government has handed over the investigation into the attack on Dhramasala MLA…
Bhubaneswar: The Commissionerate of Police on Sunday issued an advisory for movement of vehicular traffic…
New York: Now that President-elect Donald Trump has tasked Elon Musk with the responsibility of co-heading…
Bhubaneswar: The Odisha government has warned its employees of stern action for sub-letting their allotted…
Mumbai: There has been a lot of talk over AR Rahman and his wife Saira…