Elon Musk Buys 9.2% Twitter Stake to Become One of its Largest Shareholders

Tesla’s Elon Musk has become one of the largest shareholders of Twitter by purchasing a 9.2% stake in the company, more than four times that of Twitter founder Jack Dorsey.

Today, Google is beginning its hybrid work in strategy in earnest by bringing staff back to the office in droves. However, this news has been overshadowed by another tech giant – namely Twitter – which has seen its share value soar following the news that Elon Musk has taken a 9.2% stake in the company.

A US securities filing revealed that the Tesla founder purchased shares worth $2.89bn, which makes Musk one of the largest shareholders in the company. He now holds more than four times the 2.25% stake of Twitter founder Jack Dorsey.

There is speculation that Musk, a regular Twitter user with tens of millions of followers, is giving “serious thought” to building a new social media platform.

Meanwhile, as for the social media giant’s workplace plans, its offices have recently been reopened. But workers have choice over whether they use the corporate offices or not – for now at least.

“Wherever you feel most productive and creative is where you will work, and that includes working from home full time forever,” Twitter CEO Parag Agrawal said in a letter to employees. “Office every day? That works too. Some days in office, some days from home? Of course.”