Tesla’s CEO Elon Musk has become the biggest shareholder in Twitter Company after Musk has taken 9.2% shares of Twitter, according to a US security filing.

Highlights

Elon Musk became the largest shareholder of Twitter
Musk’s stake is four times the stake of the founder of Twitter, Jack Dorsey
Musk owned total shares of 73,486,938 on a social media platform

Also Read: Twitter Complying With EUI Sanctions on Russian State Media Amid Ukraine Crisis

Tesla’s Chief Executive Elon Musk became the largest shareholder of the social media platform Twitter by soaring by more than 27% in New York trading on Monday.

As per the Securities and Exchange Commission, Musk owned 73, 486, 938 shares in the social media platform as of 14 March. The current price of his shares is $2.89bn as per the last share price on Friday.

Now Musk has four times the 2.25% holding of the founder of the Twitter platform Zack Dorsey. Musk most of the time uses the social media platform Twitter and he has more than 80 million followers recently he said in his tweet he is thinking more seriously about building a new social media platform.

Late last month, Elon Musk asked his followers whether they want a platform that encourages free speech in its platform.

He said “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to these principles?”

Later he posted another one by asking whether they need another platform.

He is a regular user of Twitter and regularly he includes his companies SpaceX and Neuralinkposts on Twitter. He is also receiving a huge fan following and shares memes, adding to his popularity among fans.

Some of his tweets also had controversy like the 2% of Musk’s wealth could help to solve world hunger.

Musk’s car-making company Tesla last autumn surpasses a value of 1 trillion making up the fifth such company to reach this milestone after Apple, Microsoft, Amazon, and google-Owner Alphabet.

Also Read: Neuralink, Elon Musk's trials to Link Human Brain to Computer Killed 15 Monkeys Out of 23