Elon Musk buys 9% stake in Twitter, becoming platform’s largest shareholder

Elon Musk can now add “social media magnate” to his list of titles.

The billionaire entrepreneur, who runs both SpaceX and Tesla, has purchased a 9.2% stake in Twitter, regulatory documents released on Monday (April 4) reveal. His stake in the company is worth nearly $2.9 billion based on Friday’s (April 1) stock prices, Bloomberg reported.

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Andrew Naughtie

News reporter and author at @websalespromo