Tag Archives: appetizer

Elon Musk stake in Twitter ‘just the appetizer,’ Wedbush’s Dan Ives says

Tesla CEO Elon Musk may be just getting started when it comes to trying to shake up Twitter. It was disclosed on Monday that the somewhat unpredictable Musk took a 9.2% stake in Twitter. The stake — valued at close to $3 billion as of Twitter’s closing price on Friday — is defined as a passive one. Shares of Twitter surged 20% in the session. “This is just the appetizer. Ultimately, we believe he will have an active stake over the coming weeks or month. This is just a start. I think he will… Source link

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