Twitter shares soared on Wall Street on Monday and posted their biggest daily rise since going public in 2013. This after tycoon Elon Musk revealed he is the social network’s largest shareholder.
After hearing this news, the papers of the social network advanced 27.12%, the highest daily rise since the opening when the shares rose 72%. The stock closed at US$49.97, its highest level since November 17, 2021 when it was at US$50.61.
Of course, in the middle of the session the papers reached US$51.37.
All this after Elon Musk revealed that he acquired a 9.2% stake in Twitter Inc. to become the platform’s largest shareholder. He had already hinted a few days ago that he was going to shake up the social media industry.
The world’s richest man’s stake is worth about $2.89 billion, according to market close on Friday.
The CEO of Tesla has been very active and important on Twitter and constantly polls his followers on this platform. Of course, he has not been without problems in the social network.
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