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April 4, 2022
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Elon Musk acquires 9.2% of Twitter, which shoots up 25%

Elon Musk acquires 9.2% of Twitter, which shoots up 25%

The founder of Tesla, Elon Muskacquired 9.2% of the shares of the platform Twitterwhich shot up more than 25% on the New York Stock Exchange in electronic operations prior to the opening, according to a document delivered by the businessman to the United States Securities Market Commission (SEC, according to its acronym in English)

The billionaire currently owns almost 73.5 million shares of the messaging company, whose value, according to the valuation of its shares at the close of last Friday, amounts to 2,890 million dollars, several local media reported today.

Musk’s acquisition comes after the businessman criticized the social network in several tweets at the end of March.

On March 25, he proposed a vote among his supporters on whether Twitter adhered “rigorously” to the principle of freedom of expression.

70.4% of the more than two million users who participated in the survey said no.

“The consequences of this survey will be important. Please vote carefully,” Musk wrote then, before his participation in the social network was known.

A day before, he had asked, also through the same network, about whether the algorithm of Twitter it should be open, to which 82.7% of survey participants said yes.

Half an hour before the opening of the Wall Street Stock Exchange, the share price of Twitter They were 20% above their value at Friday’s close:

Musk has always been very active in Twitterfrom where he has shared information about his companies and where he has been involved in several controversies, such as his support and rejection of the dogecoin cryptocurrency, which caused dizzying fluctuations.

In November 2021, the businessman surveyed users of Twitter on whether or not he should sell 10% of his shares in Tesla.

“There’s been a lot of talk lately about unrealized gains being a way to avoid taxes, so I’m proposing to sell 10% of my Tesla stock. Do you support this?” he then asked, to which 57% of more than 3.5 Millions of participants said yes.

After the survey, Musk sold his shares, but numerous media pointed out that this sale was already scheduled by the billionaire, in order to face a significant tax payment.

Reliable, trustworthy and easy. Multimedia news agency in Spanish.

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