Musk takes 9% stake in Twitter to become top shareholder, starts poll on edit button

Musk takes 9% stake in Twitter to become top shareholder, starts poll on edit button

By Nivedita Balu

(Reuters) – Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering a rise of more than 27% in the company’s shares.

Musk’s move, revealed in a regulatory filing, comes on the heels of his tweet that he was giving “serious thought” to building a new social media platform, while questioning Twitter’s commitment to free speech.

He also started a poll asking Twitter…


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