‘Is a new platform needed?’ he asked last month.
. According to the filing, Musk purchased the stake on March 14th. Musk has long been one of Twitter’s highest profile users and recently polled his over 80 million followers about the platform’s adherence to free speech.
Twitter’s share price was up over 25 percent in pre-market trading on the news.that Musk’s Twitter stocks were worth $2.89 billion based on Friday’s closing price. Musk’s shares are classified as a passive stake, but Wedbush analyst Dan Ives told CNBC that the purchase “could lead to some sort of buyout.”
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