Elon Musk Is Twitter’s Largest Shareholder; He Bought $3 Billion Stake (9.2%)

Elon Musk’s fans are happy following the latest reports claiming that he is now the biggest shareholder at Twitter. He reportedly bought a $3 billion stake (9.2%) and the Internet is going crazy with excitement.

Twitter is currently celebrating the great news and there are all kinds of juicy posts about this.

Elon Musk has already made ~$750 million on his Twitter trade, which is approximately double Twitter’s net income for the last 3 years.

— Ben Thompson (@benthompson) April 4, 2022

Someone said: “So@elonmuskbuys 9% cause he wants to change the platform as he’s hinted. Was it cheaper to buy major stake in@Twitterand make changes from inside or start his own platform to compete?” and another followe rposted this: “And more than 90% of people will ever make in their life for an action that had no material output or value add. Must be hard for a hundred billionaire to add half a billion to their net worth.”

Someone else said: “He’s not doing it for the money because long-term it’s a bad investment. He’s doing it to protect society, to protect freedom of speech and he’s willing to use/lose his own money in order to protect it.”

The crypto space is going crazy with excitement after Elon Musk just admitted to owning Bitcoin, Ethereum, and DOGE. He also said that he is not planning to sell these.

As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.

I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.

— Elon Musk (@elonmusk) March 14, 2022

Stay tuned for more news and also make sure to keep your eyes on the market. There are all kinds of optimistic crypto predictions these days despite the massive volatility.