Drop The Info
No Result
View All Result
  • Home
  • USA
  • WORLD
  • Movies
  • Hollywood
  • Economy
  • Voting
  • About Us
  • Contact Us
  • Terms & Conditions
  • Home
  • USA
  • WORLD
  • Movies
  • Hollywood
  • Economy
  • Voting
  • About Us
  • Contact Us
  • Terms & Conditions
No Result
View All Result
Drop The Info
No Result
View All Result

Elon Musk became the majority shareholder of Twitter

Luneika by Luneika
April 5, 2022
Reading Time: 2 mins read

Elon Musk‘s involvement in Twitter, buying approximately 73.5 million shares in the social network, is considered a passive investment, meaning he is a long-term investor trying to minimize buying and selling shares.

However, with the purchase Musk becomes Twitter’s largest shareholder. The CEO of Space X has questioned the ability to communicate freely on Twitter, while industry analysts doubt that the businessman will stay out of the social network.

“We anticipate that this passive purchase will be the start of more extensive discussions with Twitter’s board and management that ultimately lead to an active purchase and possibly more aggressive ownership role in Twitter“, said Dan Ives, an analyst at WedBush Securities.

YOU MAY LIKE

Fomer United States Marine indicted for choke-holding a person in NY subway

Yevgeny Prigozhin went from Putin’s chef to founder of the mercenary group Wagner

Elon Musk is now Twitter's largest shareholder

Elon Musk's stake — 9.2%
Jack Dorsey's stake — 2.25% pic.twitter.com/ehL6HaDBeE

— Culture Crave ? (@CultureCrave) April 4, 2022

Shares of Twitter were up more than 25% before markets opened on Monday, while shares of Tesla were up slightly. In addition, in another tweet, Musk said that he was “seriously thinking” about creating a new social network.

You may also like: The United States House of Representatives approved the legalization of marijuana

Earlier this past March, Musk asked a federal judge in the United States to overturn a subpoena from financial regulators and throw out a 2018 court settlement where Musk had to first have his Twitter posts approved.

Financial regulators said they had the legal authority to subpoena Tesla and Musk for their tweets, and that Musk’s attempt to nullify the deal is invalid.

What’s your Reaction?
0
0
0
0
0
0
0 Shares
Facebook Twitter Whatsapp Messenger Reddit
Tags: Elon Musk
Share61Tweet38
Luneika

Luneika

Drop The Info

Drop The Info seeks to bring its fans the most and best recent news about the world.

Viral content, cinema, all you can imagine, and not only in english, por que nosotros también hablamos español.

LEGAL

  • About Us
  • Terms & Conditions
  • Cookies
  • Privacy & Policy
  • DMCA
  • Contact Us
  • Home
  • USA
  • WORLD
  • Movies
  • Hollywood
  • Economy
  • Voting
  • About Us
  • Contact Us
  • Terms & Conditions

© 2023 Drop The Info - Created by MM Group.

No Result
View All Result
  • Home
  • USA
  • WORLD
  • Movies
  • Hollywood
  • Economy
  • Voting
  • About Us
  • Contact Us
  • Terms & Conditions

© 2023 Drop The Info - Created by MM Group.