The billionaire acquired a minority stake of 9.2%, but did not disclose his intentions.
What is Elon Musk playing? The elusive founder of Tesla and SpaceX created a surprise on Monday by becoming the first shareholder of the social network Twitter. The richest man in the world, according to the Bloomberg ranking, owns 73.5 million ordinary shares, or 9.2% of the company’s securities. This news, revealed by the policeman of the American stock markets (the SEC), made the action of the social network soar by 25% on Monday. Neither Twitter nor Elon Musk has commented.
According to the SEC document, the billionaire bought these shares on March 14, 2022, for nearly $2.5 billion – they are now worth $1 billion more… He specifies that this stake is passive, that is to say that he has no intention of influencing the company’s strategic decisions. But that does not dampen speculation.
“This passive equity investment is likely the starting point for a conversation with Twitter management, which could…