The US Securities and Exchange Commission (SEC) announced that Elon Musk became a 9.2% stakeholder in Twitter in the past few days. This news made a new sensation because Elon became the highest single shareholder on Twitter. We all know Tesla CEO Elon Musk for his surprising and unbelievable tweets, and he is one of the popular people who always shakes things up with his tweets.
His tweets created problems for him in the last few days because Musk suspected insider trading rules. But according to current news published by US securities and exchange, Tesla and SpaceX CEO Elon Musk have become the highest shareholder in Twitter. The value of Elon’s shares is more than the co-founder and former CEO of Twitter.
Elon Musk’s Twitter Polls
The Tesla and SpaceX CEO has recently used the platform to criticise the company for free speech. A few days ago, Elon tweeted and asked his followers, “Do you believe that twitter follows the principle of free speech?” After this tweet, his followers started a poll by answering Yes and NO. After the poll ended, 70.4% of people answered or responded to that tweet poll in “No.”
This is not only tweets that drag him in social posts and news, but also many tweets that the Elon Must tweets continuously, which drag him into the news and media.
How Musk Drives a Stake through Twitter’s Heart
After recent news from a US exchange, everyone wants to know how musk drives a stake through Twitter. Its simple answer is Musk’s popularity. Elon is always seen as a real-life iron man among all youngsters. This popularity and brand value makes him one of the most popular people in the stock market. So, when Tesla’s CEO buys twitter stock, its price climbs up to 27% in pre-market trading.
Currently, the total value of Twitter shares is $2.8 billion. His recent acquisition of Twitter makes him the largest shareholder. Musk has also been in the news due to his tweets on NFTs and support of different Crypto currencies. The SpaceX CEO also gets lots of eyes due to his support of doge coin and bit coin, which raise its price very high.
A few months ago, Musk tweeted a photo with Jack Dorsey and Twitter’s current CEO, Parag Agarwal. This photo became a meme on different social media platforms, raising lots of popularity and different questions.
With all such activities and involvement, Elon became one of the biggest shareholders on Twitter, and all his activities made him more popular day by day. This provides you an accurate vision of why and how he became the biggest stakeholder on twitter, share this.
I hope you read complete information about how Elon Musk became the biggest shareholder on Twitter. How Elon’s tweets make him popular and how his tweets raise the share price of a tweeter and other companies.
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