Wednesday, 27 Nov 2024

Elon Musk buys $2.9bn stake in Twitter to become biggest shareholder

Elon Musk buys $2.9bn stake in Twitter to become biggest shareholder

Elon Musk buys $2.9bn stake in Twitter to become biggest shareholder
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Analysts believe the shareholding taken by Musk could eventually result in the 50-year-old taking an active interest in the microblogging site that could lead to a buyout.

Last year, Tesla posted a job advertisement for a customer support specialist with responsibilities including handling complaints made against the South African-born American entrepreneur on social media.

Musk has also found himself in trouble with the US financial markets regulator, the SEC, for posting tweets that have had significant ramifications for the companies he runs.

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