The Tesla CEO took a 9% stake in the social media platform.
Elon Musk is joining Twitter’s board of directors a day after disclosing that the Tesla CEO took a 9% Twitter Inc.
said in a regulatory filing Tuesday that it entered into an agreement with Musk on Monday that will give the billionaire a seat on its board, with the term expiring at its 2024 annual shareholders meeting.Musk, either alone or as a member of a group, won’t be allowed to own more than 14.9% of Twitter’s outstanding stock for as long as he’s a board member and for 90 days after.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk takes 9.2% stake in Twitter, is now biggest shareholderMusk previously asked his Twitter followers whether a new platform was needed and said he was giving serious thought to starting his own competitor.
Read more »
Elon Musk takes 9.2% stake in Twitter after hinting at shake-UpMusk polled his more than 80 million followers on Twitter last month, asking them whether the company adheres to the principles of free speech.
Read more »
Elon Musk Acquires 9.2% Stake In TwitterTesla CEO Elon Musk acquired a 9.2% stake in Twitter, amounting to $2.89 billion as of Friday's closing price. This makes Musk the company's largest shareholder, nearly four times the size of founder Jack Dorsey's 2.25% stake, according to reports.
Read more »
Tesla and SpaceX billionaire Elon Musk buys a 9.2% stake in TwitterThe billionaire has acquired a stake in the popular microblogging site, now owning more of it than its original founder.
Read more »
Crypto News, April 4: Bitcoin 2022, Elon Musk Buys Twitter Stake, A Worrying Trezor Scam | CoinMarketCapHello! ConnorSephton is in Miami with today's crypto news 📰 🚀 What to expect from Bitcoin 2022 💰 Elon Musk buys 9.2% stake in Twitter 🚨 Why new Trezor scam is so worrying ⚽️ Liverpool FC defends NFT collection ...and much more!
Read more »