Tesla and SpaceX boss Elon Musk earlier this week bought a 9.2 percent stake in micro-blogging platform Twitter, making him the largest shareholder in Twitter, and also giving him a seat on the company’s board. Elon Musk now owns a 9.2 percent share of Twitter, which is more than other stakeholders like Vanguard Group, Morgan Stanley and even founder Jack Dorsey. According to a filing, Musk owns 73.5 million Twitter shares, valuing his passive stake in the company up to $2.9 billion as of Friday’s closing of the stock. The shares are held by the Elon Musk Revocable Trust, of which he is the sole trustee. With Musk becoming the largest stakeholder in Twitter with a $3 billion investment, let’s take a look at how much everyone owns the micro-blogging platform.
Elon Musk Now owns 9.2 percent stake in Twitter, which is the largest stake anyone has in the company. After Musk, Vanguard Group holds an 8.8 percent stake in Twitter, followed by investment banking company Morgan Stanley with an 8.4 percent stake in Twitter. BlackRock Inc. has a 6.5 percent stake, and State Street Corp., another investment firm, has a 4.5 percent share of Twitter. Founder and former CEO of Twitter jack dorsey He owns 2.3 percent of the company he once founded.
The biggest stakeholder, Elon Musk, is also a prolific Twitter user. He has more than 80 million followers since joining the platform in 2009 and has used it to make several announcements, including teasing a private deal for Tesla that landed him under regulatory scrutiny.
Read also: Twitter is finally bringing an edit button, the feature has been working on since last year
Soon after acquiring a stake in the company, Elon Musk asked his Twitter followers if they wanted an edit button on their tweets. “Do you want an edit button?” Musk asked in a poll, and 73.6 percent of people voted “yes” (Musk wrote “yse”). Shortly after Musk voted, Twitter officially announced that it was working on an editing feature for Tweets. The company said that it has been working on the edit button for the past one year and will soon start a test with Twitter Blue subscribers.
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ALSO READ: Elon Musk picks up 9% stake in Twitter, becomes top shareholder in platform,
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