Twitter shares soar more than 25% after Elon Musk takes 9% stake in it.
Musk owns 73,486,938 shares of Twitter, which represents a 9.2% stake in the company, according to the Securities and Exchange Commission filing.
The stake is worth more than $2.8 billion, based Twitter’s closing price on Friday.
Musk is a frequent user of Twitter and has more than 80 million followers on the platform. However, some of his tweets have gotten the Tesla chief into hot water over the years.
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