Elon Musk buys 9% stake in Twitter, now largest shareholder
Tesla and SpaceX founder Elon Musk has purchased a 9.2 per cent stake in social media company Twitter, driving the company’s share value up by 28 per cent. Mr Musk bought nearly 73.5 million shares, worth about $2.89 billion, making him Twitter’s largest shareholder.
A regulatory document filed with the U.S. Securities and Exchange Commission showed that Mr Musk had taken a passive stake in the social media company.
In March, Mr Musk said he had considered building a new social media platform after criticising Twitter’s policies regarding free speech and scrutiny by Tesla’s investors and regulators.
In February, Mr Musk called out the SEC, accusing the regulator of “harassment” trying to “chill” his right to free speech.
In November, Mr Musk was summoned by the U.S. Securities and Exchange Commission after Mr Musk put out a poll on Twitter, asking his 80 million followers if he should sell 10 per cent of his stake in Tesla.
They voted yes, causing shares to fall.
The SEC told the court that Mr Musk’s comments about Tesla on Twitter would remain a reasonable subject for a government investigation.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Sokoto govt donates N38 million, grains to families of fallen heroes
The Sokoto government donated N38.25 million and bags of grains to the families of 24 fallen soldiers and 57 injured personnel in recognition of their sacrifices in service.
Rights
Kano residents seek end to child marriage, improved access to education
Kano residents have called for an end to child marriage, improved access to education and stronger protection of girls to secure their rights and future.
Economy
World Bank mobilising $6 billion for Nigeria targeting agriculture, MSMEs, 850,000 jobs
AGROW is expected to mobilize approximately $220 million from agribusiness firms and a further $22 million from certified seed producers.
Diaspora
U.S. report identifies Nigerians as most trafficked persons in Ghana
The U.S. Department of State also upgraded the West African country to Tier 1 in its 2026 Trafficking in Persons Report.
Rights
UN chief urges member states, others to scale up investment in girls
“Together, let us defend the right of all girls to a childhood, and ensure every daughter, every sister, grows up free to shape her own future,’’ he said.
Rights
CJN urges judges to mentor younger ones
The Chief Justice of Nigeria has urged senior judges to mentor junior judicial officers to ensure a seamless transfer of knowledge in the best interest of justice.
