SAN FRANCISCO, CA. (THECOUNT) — Elon Musk has purchased a staggering 9.2-percent stake in Twitter, valued at $2.89 billion, according to Monday reports.
Twitter stock is up over 21% in pre-market trading as of this writing. While Musk doesn’t own Twitter outright, he owns more of Twitter than anyone else. It would be foolish to believe he’s going to stop there.
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In hindsight, the signs were there. Musk began sharing memes comparing new CEO Parag Agrawal to Joseph Stalin the day Agrawal was announced to the position. You don’t make a $3 billion purchase on a whim, reports LWC.
As of this writing, Musk has yet to tweet about his purchase. Don’t act like you weren’t wondering what meme he was going to use.
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