Twitter S Stock Rises After Elon Musk Buys A Stake
Twitter shares have increased by a quarter after it was revealed that Tesla billionaire Elon Musk had purchased a 9.2 percent stake. According to a regulatory filing, the tycoon purchased 73,486,938 Twitter shares. Based on Twitter’s closing price on Friday, the stake is worth $2.89 billion (£2.2 billion). Musk is a frequent Twitter user with over 80 million followers, but he has recently been critical of Twitter’s approach to free speech and stated that he is giving “serious thought” to building a new social media platform....