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Elon Musk Buys 9.2% Stake in Twitter After Hinting at Shake-Up
Posted
April 4, 2022
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837
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April 4, 2022
837
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1:01Now PlayingFor years, Elon Musk’s net worth has been dominated by one stock: Tesla Inc. His purchase of a 9.2% stake in Twitter Inc., disclosed Monday in a regulatory filing, adds an unusual element of diversification to his $273 billion fortune.
Musk’s holding in his favored social-media platform was valued at $2.89 billion as of market close Friday. So far he’s done well: The billionaire is up more than $1 billion based on Twitter’s closing share price on March 14, the date of the event that triggered the disclosure, and its opening trading level on Monday.
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