Tag: Elon Musk just became Twitter’s largest shareholder

Elon Musk’s Planned Twitter Takeover Creates a ‘Chaos Tax’ for Employees

Abibat Babalola

In one 24-hour period this month, Twitter Inc.’s TWTR 2.68%▲ chief executive fired two widely liked senior executives and announced a hiring freeze, while billionaire Elon Musk suddenly said he was putting “on hold” an acquisition plan that could lead to a wholesale revamp of the social-media company. READ ALSO: Elon Musk puts $44bn Twitter takeover deal on hold Commercial, govt users to pay for Twitter, says Elon Musk World Richest Man, Elon Musk, Buys Twitter For $44bn Twitter Ready To Sell Firm To World Richest Man, Elon Musk It…

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Elon Musk Stakes $2.9bn, Becomes Twitter’s Top Shareholder

Abibat Babalola

Musk, has, in tweets to 80 million Twitter followers, questioned free speech on Twitter and whether the platform is undermining democracy Tesla CEO Elon Musk has taken a 9% stake in Twitter worth $2.9 billion to become its largest shareholder. Platforms Africa reports that this deal made know by Musk on his Facebook page, came after he raised questions about the social media platform’s dedication to free speech. The ultimate aim of Musk’s 73.5 million share purchase worth $2.9 billion, based on the closing price Friday, is not clear. Yet…

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