Nollywood and Social Media
Elon Musk Pays $3billion For Huge Stake In Twitter
Elon Musk has bought a large stake in Twitter. Elon Musk at the SpaceX launch site in Boca Chica, Texas, December 3, 2021. The billionaire bought 9.2 per cent of the company, worth almost $3 billion, according to a filing with the US Securities and Exchange Commission. The announcement sent Twitter’s shares up more than […]
Elon Musk has bought a large stake in Twitter.
The billionaire bought 9.2 per cent of the company, worth almost $3 billion, according to a filing with the US Securities and Exchange Commission.
The announcement sent Twitter’s shares up more than 25 per cent in premarket trading.
Mr Musk is one of Twitter’s most popular users, with more than 80 million followers. He is also particularly prolific, using his account to share memes as well as update on his life and his companies.
Those tweets have however caused problems for Mr Musk in the past. In 2018, for instance, he tweeted that Tesla would go private – starting a period that saw him investigated by the SEC as well as the loss of his position as chairman of the company.
Photo Credit: Getty