Elon Musk, CEO of world-renowned Tesla, has become the largest shareholder in Twitter with a 9.2% stake in the social networking site. Jack Dorsey, the founder of Twitter, owns only 2.25% of Twitter.
Elon Musk currently owns 73,486,938 shares on Twitter. It is the largest shareholder in Twitter with a net worth of $ 2.89 billion. With this transaction, the share value of Twitter has increased by 26%.
Prior to purchasing the shares, Elon Musk polled by asking its users if freedom of speech was essential to maintaining democracy, with Twitter receiving a total of 2,035,924 votes, with 70% saying no. The vote had been cast. The poll was posted on March 25, 2022, but he had already applied to buy shares on Twitter as the last date to apply for shares was March 14.
