Tesla CEO Elon Musk has filed again the disclosure of his stake in Twitter. This step has been taken by him so that his status can transform him into an active investor from the passive investor. Musk has been called a board member at the social-media company.
On Tuesday, He disclosed in a 13D filing along with the US securities as well as exchange commission. They displayed that the intentions of Elon Musk are active in the business of Twitter.
The filing of Elon Musk portrayed that the founder of Tesla owns 73,115, 038 shares of Twitter. This makes him the biggest shareholder of the company.
Elon Musk revealed that he had purchased a 9.2% stake in Twitter. This is worth $2.89 billion which is based on the closing share price of the company.
CEO of Twitter Parag Agrawal shared his opinion on this decision of Elon Musk. Parag said that He is excited to share that Twitter is appointing Elon Musk to their board. Parag also said that it has been now confirmed that Musk would bring great value to Twitter as observed by the conversation between Parag Agrawal and Elon Musk.
On Wednesday, the shares of Twitter were down 2.51% within premarket. Till now, the stock is up 17.95%.
