Elon Musk Buys 9.2% Passive Stake in Twitter
Musk had recently lambasted Twitter for its development of profile pictures linked to non-fungible tokens, saying the social media company has the wrong priorities.
Tesla CEO Elon Musk holds a 9.2% stake in micro-blogging site Twitter, according to a regulatory filing on Monday. Musk, even though is very active on Twitter, has criticised the platform in the past. Twitter shares rose about 28% in pre-market trading after a 13G filing revealed Elon Musk has taken a 9.2% passive stake in the social media company.
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